Euro / U.S. Dollar
Long
Updated

DeGRAM | EURUSD bounced from support

380
EURUSD is in a descending channel between trend lines.

The price is moving from the support level and the lower trend line, and is now holding in the channel and above the 38.2% retracement level.

The chart formed a harmonic pattern while reaching support.

We expect the bounce to continue.

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Trade closed: target reached
Closed +36 PIPS! Further price movement will depend on the chart's reaction to reaching the upper boundary of the channel.

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