Long for this pairEuro / United States DollarCMCMARKETS:EURUSDhodkarThe chart illustrates a clear upward trend, characterized by movement between two blue lines. Within this broader trend, there exists a secondary upward trend, indicated by minor fluctuations between two red lines. Recently, the price has broken through the green line, suggesting a downward movement within the overall trend. This presents a potential buying opportunity, particularly around the price level of 1.1700. As you consider entering a buy position, it's crucial to set a stop-loss (SL) below the key support level indicated on the chart, while also keeping in mind the risk-to-reward ratio for optimal trade management.