EUR/USD prices are trading within a descending price channel on the four-hour timeframe, and currently, prices are approaching the upper boundary levels. If the price rises and breaks above these levels around 1.0805, and closes above it, there will be a strong buying opportunity with targets reaching 1.0850 as the initial target. However, if the price remains below these levels, the likelihood of a descent and selling will be higher.
Technical analysis of EUR/USD
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