EURUSD: Oversold Conditions and Potential Bullish Reversal
I anticipate an increase in the value of EURUSD. The price has reached a significant support level and shows signs of being oversold on the 4-hour chart.
Furthermore, there have been two bullish breakouts on this timeframe, including a breakout from a descending channel and a horizontal resistance level.
I expect the price to rise to approximately 1.0870.
Furthermore, there have been two bullish breakouts on this timeframe, including a breakout from a descending channel and a horizontal resistance level.
I expect the price to rise to approximately 1.0870.
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