Euro / U.S. Dollar
Long

EURUSD 4hour Channel Up starting new rally

EURUSD is trading inside a Channel Up on the 4hour time frame.

Its latest bearish wave found support on the 4hour MA50, following the formation of a Golden Cross.

We expect a new technical rally to start of at least +1.59%, same as the last rise.

Target 1.05750.

Previous chart:

EURUSD Falling Wedge on a bullish divergence.


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