According to the EUR/USD pair Linear Regression Channel 1H Chart presents:
Having reached the lower limit of the Yellow & Violet channels at 1.3250 yesterday, the EUR/USD pair moved upwards and made a clear bullish breakout outside the Yellow & Blue channels.
Thus, a bullish signal was provided affecting the ongoing bearish domination during this week rendering the backside of the broken limit at 1.3310 a valid BUY entry.
TP is to be located at 1.3375, 1.3440 & 1.3475.
SL is to be placed below 1.3248.
