EURUSD
Hello Traders! 👋
What are your thoughts on EURUSD?
EUR/USD successfully broke above the key resistance zone and the descending trendline, extending its bullish move toward the 1.1200 area. From this level, the pair entered a corrective phase.
This pullback is considered a healthy correction and a pullback to the previously broken resistance, which now acts as support. As long as price holds above this zone, we expect buyers to step back in and push the pair toward higher levels.
Overall outlook remains bullish, and the current correction could offer a favorable opportunity for trend continuation.
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