Is this a good idea to long EU? well, not yet. here's why...

Feb 19, 2020

EU has found temporary support at 1.07855 and what we've now is looks like a double bottom, but we'll have to look at the resistance right above it. In order to go long, we'll need to wait for a clear breakout of the channel first. EU has been in a downtrend for long, it would be surprising to see this downtrend continues without any correction. let's see.

Feb 19, 2020

Note

Multiple tries to break out the resistance has ended with a failure. the most likely direction from here will be further downside.

Feb 19, 2020

Note

We're now trading outside the channel, but momentum is weak. setting buy stop at 1.0870

Feb 20, 2020

Note

^ that should've read. setting buy stop at 1.08170

Feb 21, 2020

Note

Glad that I got busy and failed to place that buy stop the other day. EU isn't looking bullish at all.

Every attempt to breakout is failing badly. I'm out looking at EU for now.

Feb 21, 2020

Order cancelled