EURUSD The 4hour MA50 makes all the difference

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EURUSD is trading inside a Channel Up on the 4hour timeframe.

The recent price action is a Bull Flag which as long as the 4hour MA50 holds, it creates similar bullish conditions as the Jan 22nd Bull Flag and targets 1.05250 (Resistance Zone B).

If the 4hour MA50 breaks, sell and target 1.02500 (bottom of Channel Up).

Previous chart:

EURUSD Short term rebound possible.


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