EURUSD 1HOUR CHART TACHNICAL ANALYSIS NEXT MOVE POSSIBLE

This chart is an analysis of the EUR/USD currency pair on a 1-hour timeframe. Here’s what it represents:

### **Key Insights from the Chart:**
1. **Trend Channels**:
- The chart shows two trend channels:
- A previous **downtrend channel** (red and blue).
- A **new uptrend channel** where the price has been rising.

2. **Support & Buy Zone**:
- A **yellow highlighted area** labeled as "BUY ZOON, SUPPORT LEVEL" suggests a potential area where buyers may enter if the price retraces.

3. **Resistance & Price Reaction**:
- The price has reached the upper boundary of the current uptrend channel.
- A **red horizontal resistance line at 1.08429** indicates a key resistance level.

4. **Bearish Prediction**:
- The **blue arrows** suggest a possible downward move from the resistance zone.
- The expected retracement might target a lower support area.

### **Conclusion:**
This chart suggests that EUR/USD may face a pullback after a strong uptrend. Traders might look for buying opportunities at the support level (yellow zone) or short-term selling opportunities if the price breaks below the trendline.

Would you like further clarification on any aspect?