EURUSD Channel Up formed bottom. Heavily bullish.

The EURUSD pair has been trading within a Channel Up since the May 12 Low. Today it hit its 4H MA100 (green trend-line) for the first time since May 12 and having just broken also above its 4H MA50 (blue trend-line), it confirmed that the pattern has already priced its bottom.

This is initiating the new Bullish Leg and based on the previous two, it should grow by at least +3.21%. We have a modest short-term Target at 1.1800.

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