Day Trade: EURUSD Long 1HR

2019-12-18 16:47:18

FX:EURUSD
EURUSD:

Day trade is setting up for the EURUSD, IF price holds on the lower boundaries of this upward channel, price is expected to push higher towards the 1.1185 as a first target then the upwards boundary of the channel sitting at around 1.2100.
While it is less unlikely but if price breaks below the channel as well as the 200EMA, price is expected to target the 1.044 area.