Long

EURUSD Channel Up targeting the 4H MA200.

The EURUSD pair broke above its 4H MA50 (blue trend-line) and following a Double Bottom bounce on the Support Zone on December 18, it started a Channel Up.

Having initiated that after a highly oversold 4H RSI, it shares many similarities with the November 22 Channel Up, which peaked just below the 4H MA200 (orange trend-line). This is where our current short-term Target is at 1.04900.

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