As it can be inferred from the Daily-timeframe graph on EUR/USD, an ascending parallel channel has been formed and the price has recently been able to form a bottom reversal pattern on the lower barrier of it.
From the looks of it, the price is getting ready to soar towards the upside, and hence, our sentiment for this pair is bullish.
By entering long-term BUY positions, we will be targeting the upper boundary of the channel as highlighted on the chart.
From the looks of it, the price is getting ready to soar towards the upside, and hence, our sentiment for this pair is bullish.
By entering long-term BUY positions, we will be targeting the upper boundary of the channel as highlighted on the chart.
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