Day 2 on the EUR

Good Morning Dynamic Traders,

It’s a glorious start today, fingers crossed the weather keeps it that way!

Yesterday we saw what the EUR has been up to recently, it’s now time focus on where price is now!
In the 4 hour chart below you can see that price is currently heading upwards towards the trend line that I have drawn in. You will also notice that price had a breather during it’s currently climb, this breather was caused to due to price reaching a S/R area, and a fib breather level.

We could assume that price will climb back towards the trend line, tag it, and then drop back down. If price does hit the trend line, we then have an opportunity to take a trade.
I was intending to explain further my findings and thoughts, but instead I have decided to leave you with a question.
If we are expecting price to hit the trend line, should we be take a long position now??

Happy Trading

Richard Monnery