$EUL is showing a strong recovery on the 4-hour chart, currently trading up over 18% as it bounces back from a local bottom near 1.166. The price action is currently challenging a key resistance zone around the 1.45 to 1.50 area, characterized by a series of bullish candles with increasing momentum. If the price can successfully clear this level and flip it into support, it would confirm a trend reversal from the recent downward pressure. Volume is picking up, suggesting that buyers are stepping back in to drive the price toward previous local highs. Monitoring the 1.40 level as immediate support will be crucial for maintaining this upward trajectory.
Target 1: 1.620
Target 2: 1.785
Target 3: 1.950