📈 EURUSD Shows Early Signs of Bullish Reversal

EURUSD has recently broken out of a long-term descending channel, forming higher lows and indicating a potential short-term bullish reversal. The current consolidation around 1.1700 acts as a key decision zone and now serves as support.

Key Facts:

• Price respected the descending channel for weeks → lower highs/lower lows

• Breakout above channel signals potential corrective upside

• Support zone: 1.1680–1.1700; resistance targets: 1.1750 → 1.1800

• Buying pressure above support favors continuation

Expert Insight:

As long as EURUSD holds above 1.1680–1.1700, short-term bullish momentum remains intact. A successful pullback could push the pair toward the next resistance levels at 1.1750 and 1.1800.

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