EURUSD: Bulls Take ControlEURUSD has broken out of the parallel descending channel that existed over the past few days, thanks to positive economic data in the market at the end of Thursday's trading session.
Currently, the currency pair is moving in a consolidation pattern around the new support level at 1.0789, and the potential for further upside is considered high due to support from the confluence zone between EMA 34 and EMA 89.
The next targets are expected to aim for resistance levels at 1.082 and 1.085.
Wishing you smooth and successful trading!