Long

EURUSD Channel Up transitioning into Inverse Head and Shoulders.

EURUSD is trading in a 2 month Channel Up. The major impulse rises have been +/- 3.90%.
Since Dec 14th we see a structure reminding of an Inverse Head and Shoulders.

Trading Plan:
1. Wait (or sell) for the price to pull back and test the MA50 1D.
2. Buy if it breaks the Jan 18th high earlier.

Targets:
1. 1.1000
2. 1.1300

Tips:
During uptrends, best risk management is to enter then the RSI 1D is at or below 50.00.

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