If we look at the EURUSD we can see a clear break in the downtrend and right now it seems to be leaning on the long-term guideline in addition to the horizontal support that has been rejected on several occasions.
We pose a possible bullish scenario towards the supply zone composed of the horizontal resistance and the rising channel.
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We pose a possible bullish scenario towards the supply zone composed of the horizontal resistance and the rising channel.
If you liked the analysis, leave us your like! ;)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.