Hello traders. On this 4H analysis of EURUSD, we have an ascending channel setup. Price has just recently tested the 1.07200 support region in the channel, providing us with a good entry point. A SL should be placed at an appropriately distance below the 1.07200 support level in the event price breaks out of the channel and enters into a waterfall. A good place where price may go next would be to the resistance level in the 1.10000 region.