EURO - Price can continue to grow inside rising channel

Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊

The price traded in a flat range between $1.1500 and $1.1750 for an extended period, testing both extremes multiple times with low volatility and indecision.

A breakout above $1.1750 initially looked promising but turned into a fakeout when sellers quickly pushed the price back below $1.1725, trapping aggressive longs.

After that shakeout, buyers regained control and propelled EUR into a rising channel, marked by higher highs and higher lows since the end of June.

Price has since respected the lower boundary of this rising channel near $1.1725–$1.1750, using it as reliable support for continued gains.

With two confirmed breakouts and the channel structure intact, bullish momentum suggests the pair can extend its move higher within the channel.

I expect Euro to continue climbing toward the next key resistance at $1.1980, where the upper channel line and structural supply zone converge.

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