EUR/USD on the cusp of a breakout
EURUSD Update:The pair is currently trading within a descending channel, but has found support at the lower end. Strong volume has accompanied the recent bounce, suggesting increased buying pressure.
Key implications:
- Potential reversal of the downtrend
- Support zone established at the lower end of the channel
- Target: Previous resistance zone (upper end of the channel)"
Best wishes Tom 😎
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Nota
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