CyclicalWaves
Long

EURUSD; Waiting For The Bullish Breakout

FX:EURUSD   Euro / U.S. Dollar
44 0 1
Price is in an upward channel. In the short term, a downward-tilted zone is present. The short term structure is seemingly corrective and so we favor a bullish bias in the medium term.

Conditional on the break up of the 1.1280, a surge towards the upper boundary of channel is favored. As long as the 1.1123 support holds, this scenario remains intact.

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