Hello Traders
What are your thoughts on EURUSD?
EUR/USD continues to trade within a rising channel structure. Following the recent pullback, price reacted positively upon reaching the identified support zone.
At this stage, we expect some short-term consolidation around current levels. However, as long as the support zone and the channel bottom hold, the bullish scenario remains intact, and the pair may resume its upward move towards higher resistance levels.
The bullish outlook remains valid as long as price stays above the key support area.
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