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I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

EUR/USD: bulls have broken the channel and ready to move on

EUR/USD: bulls have broken the channel and ready to move on

The price has been rising dramatically fact since a “Triple Bottom” arrived. Bulls faced a resistance at 1.1357 afterwards, which led to form a local “V-Top”. So, the market is likely going to get a support at 1.1292. If we see a pullback from this level, there’ll be a chance to have a new high shortly.

EUR/USD: bulls have broken the channel and ready to move on

As we can see on the one-hour chart, we’ve got a “V-Top” pattern on a resistance at 1.1385. It’s likely that the pair is going to decline during the day. If the price gets a support at 1.1297, bulls will likely try to return into the market.

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