The price perfectly fulfilled my last idea. After breaking out of the downward channel, the market is now moving towards the next significant resistance zone. EURUSD has closed above the crucial level of 1.08500 that was tested twice. Yesterday's response to the 1.0900 level was weak, indicating a lack of strong bearish momentum. With high-impact news on the horizon, market volatility is likely to increase today. Given the current bullish trend, I expect to see a rejection of the support level followed by an upward move, potentially targeting the higher resistance zone. My goal is the resistance level at 1.09350
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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