Euro / U.S. Dollar
Long
Updated

DeGRAM | EURUSD has consolidated above dynamic support

507
EURUSD is in a descending channel between trend lines.

The price is moving from the support level and the lower boundary of the channel.

The chart has already consolidated above the dynamic support, which previously acted as a rebound point.

We expect a rise in the channel with a successful consolidation above the resistance level, which coincides with the 50% retracement level.

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