1-Hour Chart Analysis EUR/USD

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The 1-hour chart for EUR/USD shows a clear upward channel formation. The price is currently trading near the upper boundary of the channel, which acts as resistance. There are two possible scenarios to consider:

Continuation of the Uptrend: If the price breaks above the upper boundary, it could indicate a strong bullish trend, targeting the next resistance levels around 1.0960 and beyond.
Pullback and Reversal: If the price fails to break the upper boundary, we might see a pullback towards the lower part of the channel, with potential reversal zones at 1.0840 (TP1) and 1.0780 (TP2).
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