The EURUSD recently bounced off its lifelong support level & is currently testing another multi-decades resistance trendline. As to where the breakout will occur is another question: - to the downside as the resistance line as been tested twice against only one for the support one - to the upside if the recovery from COVID is quicker in Europe than in the U.S.
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It looks like the breakout occurred to the upside Beware of fakeouts!
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