EURUSD
Hello Traders! 👋
What are your thoughts on EURUSD?
EUR/USD has successfully broken above the descending trendline as well as a key resistance zone, confirming a bullish breakout on the daily timeframe.
At current levels, price is approaching a resistance area. Therefore, a short-term correction is likely, with a potential pullback toward the broken trendline and former resistance zone.
As long as price holds above this reclaimed area, the pullback can be considered corrective, and bullish continuation toward higher targets remains the preferred scenario.
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