EURUSD has just broken up higher, however there is one more downtrend it must break before it can reach the next major resistance level. Use the yellow channel and price action as guidance in the short-term.
If it breaks all levels, it will target the 200 MA.
If there is a breakout above 1.100 today, I also think we should test levels around 1.104.
Elemont
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yep, that's what I'm targeting there if it breaks 1.100 (~orange line) then we can expect 1.104 (~blue resistance line) to be tested.
Agreed
x381966011250105
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I would be also >>in<< for that trade, if a buy stop level at 1.10042 is checked-up. Otherwise, if that's not the case, I would be betting for 1.082 today. Cheers!