Buying.
REASONS:
* Above 50-78 EMAS
* Broke the 4h box upward
* Yesterday short move dried out
* Hope it will at least test the upper bound channel
WHAT COULD GO WRONG:
The downward momentum will continue.
London breakout strategy for EUR/USD.
REASONS TO BUY:
EMAS 50-78 confirm the short time uptrend.
Last 4-hours box broken (from Asian Session).
The pair is in the channel (see 4h). The upper bound may be tested.
WHAT COULD GO WRONG:
1.13300 Key level resistance
The pair may reverse even if the channel's upper bound is not hit.
