The EURUSD is still stuck in this sideways consolidation. But the recent price action suggests that the upcoming breakout could be more aggressive than most. Here’s why I think so...
The EURUSD is just above a significant support level at 1.1075.
This is the intersection of ascending channel support that extends from the 2019 low and a horizontal level that has been a factor since last August.
It’s also one of two areas that could trigger a breakout.
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