EURUSD

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According to the figure of the chart, the price is in an ascending channel, and now we have encountered a minor resistance, and we will have the possibility of correction up to the specified range, which is a dashed red line.

If the minor support is broken, the price will reach the middle line of the channel.


Also, according to the candlestick pattern, in the 1-hour time frame, we see the evening star pattern, which is a very strong sign for correction.

Likewise, our indicators are in the overbought area according to the figure, which is one of the signs of correction or decline.

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