EURUSD
Hello Traders!
What are your thoughts on EURUSD?
EURUSD was rejected from the resistance zone as expected after reaching the highlighted area.
Price is now moving toward a key support zone, where a rising trendline is also present. This confluence increases the probability of a bullish reaction from this area.
As long as price holds above the support zone and respects the ascending trendline, a bullish reaction is expected from this area.
The preferred scenario is a bullish move from the support zone, with price advancing at least toward the specified target zone.
A clear and sustained break below the support zone and the ascending trendline would weaken or invalidate the bullish scenario.
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