Hi Traders

EURUSD is trading within this upward channel. Price has double topped at the top end of the channel so I have sold it down for 50 pips.

When price does eventually get to the lower end of the channel we can keep a close eye for some sort of buy setup. There is also a major psychological number (1.07000) in that zone, so this could offer some support and keep price above that level.

Should price break both the psycholgical number and the channel then we simply adjust our analysis and look for some sells.

Happy trading

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