The EUR/USD prices are trading in a bearish manner on the four-hour timeframe and are now approaching the upper boundary levels of the channel. If the price rises and breaks above these levels around 1.0755 and closes above them, there will be a strong opportunity to buy with initial targets reaching 1.0800. However, if the price remains below these levels, a downward movement and selling are more likely.
Technical analysis of EUR/USD
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