In yesterday's analysis, I talked about the re-test of the bottom band of the descending channel, EU had a downwards breakout of it. Despite the downwards breakout of the channel, I will remain bullish bias today and be aware of potential push towards the upside due to the current over-extended condition. 1.19545 zone is the nearest resistance area, if it is breached that shows that yesterday's breakout was a probe.
The higher timeframe picture remains bullish. Be flexible.
Trade safe.
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The higher timeframe picture remains bullish. Be flexible.
Trade safe.
Do follow my profile for daily fx forecast & educational content.