EURUSD: Top-Down Analysis & Trading Plan

OANDA:EURUSD   Euro / U.S. Dollar
↪️The EURUSD reached the 1.0900 level towards the end of Friday, concluding a week of trading that began with a surge towards the 1.0880 area, stimulated by the initial bids at around 1.0680.

Technically speaking, the pair is nearing a convergence of resistance levels: the ascending parallel channel and a horizontal resistance level. This suggests that we may see a downward correction in the future... Trade safely 👍✅

On the other hand, if the price successfully breaches the resistance level of 1.0936 mentioned earlier, it would indicate a strong bullish signal.

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