EURUSD: Twin Channel Up structure aims for 1.14950.

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EURUSD is bullish on its 1D technical outlook (RSI = 59.016, MACD = 0.005, ADX = 22.852) as it maintains a bullish structure consisting of successive Channel Up patterns. We are currently on the 2nd, with the price supported by both the 30m MA50 and MA200. The 1st Channel Up peaked after a +1.29% rise. We remain bullish, aiming for a similar rise, TP = 1.14950.

See how our prior idea has worked out:

EURUSD: Bullish Megaphone unfolds its new bullish wave.


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