Euro / U.S. Dollar
Long

EUR/USD Price Action Forcast-Bullish breakout potential

58
This chart 4-hour analysis of the EUR/USD currency pair, highlighting a clear ascending channel. The pair is currently consolidating within a horizontal range, with a strong support zone around the 1.1330 level. A bullish breakout is anticipated if price action holds above support, with a potential upward target aligning with the previous resistance near 1.1600. The setup indicates a possible continuation of the bullish trend, contingent on a confirmed breakout. Ideal for short- to mid-term forex traders watching for momentum confirmation.

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