EURUSD Decision time for the trend

186
EURUSD rose significantly today, hitting the MA50 (4h).
It remains inside a (white) Channel Down, which however is similar to the April pattern that eventually broke upwards.

Trading Plan:
1. Sell as long as the price stays inside the (white) Channel Down.
2. Buy if it crosses and closes over it.

Targets:
1. 1.09200 (Support 1 and MA200 (4h).
2. 1.11845 (Resistance 2).

Tips:
1. The RSI (4h) is where the similarities between the two Channels are more obvious. A break over the dashed Falling Resistance is a confirmed buy signal.
2. The long term pattern is a Channel Up.

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Notes:
Past trading plan:

EURUSD Buy Signal

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