EURUSD: Oversold Market & Bullish Reversal
I believe there could be an increase in the value of EURUSD. The price has hit a significant Support level and appears to be oversold on the 4-hour chart.
Additionally, there have been two bullish breakouts on a 4H timeframe, including breaking a resistance line of a descending channel and a horizontal resistance level.
I anticipate the price to extend to around the 1.0860 level.
Additionally, there have been two bullish breakouts on a 4H timeframe, including breaking a resistance line of a descending channel and a horizontal resistance level.
I anticipate the price to extend to around the 1.0860 level.
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