EUR/USD on the cusp of a breakout

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EURUSD Update:

The pair is currently trading within a descending channel, but has found support at the lower end. Strong volume has accompanied the recent bounce, suggesting increased buying pressure.

Key implications:

- Potential reversal of the downtrend
- Support zone established at the lower end of the channel
- Target: Previous resistance zone (upper end of the channel)"

Best wishes Tom 😎

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İşlem aktif

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Not

running well