EURUSD 1H: Bullish outlook seen, further upside above 1.0780
Price has recently broken out of the descending trendline. Price is hovering above a key support zone at 1.0680, which nears the 78.6% Fibonacci retracement, on 1H timeframe. A throwback to this zone could present an opportunity to ride the bounce to the resistance zone at 1.0780, which coincides with the 78.6% Fibonacci extension. Price is above ichimoku cloud, supporting our bullish bias.
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