EURUSD: Detailed Technical Outlook 🇪🇺🇺🇸
Hey traders,
Many of you asked me to share my thoughts about EURUSD.
The pair is currently approaching a wide daily supply area.
Analyzing the intraday price action, we can easily spot a slowing bullish momentum.
The market is steadily growing within a rising parallel channel.
I would suggest waiting for a correctional movement on the pair.
Bearish breakout of the channel's support will most likely be a trigger.
Then the pair will drop.
Alternatively, a bullish breakout of the underlined red area and a candle close above that may push the market higher.
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