EUR/USD
Time frame: H1
Technical analysis: The chart shows that the price is moving in a short upward trend channel. After the pair reached the channel's support, it headed north to test the resistance in the red and yellow trend lines. At the time on the chart we can see that the price breaks short-term resistance, which is a signal that the upward movement is not over.
Indicators: The price is over 50 and 200 EMAs, as they currently play a role of support.
DeM - The over sold values, which is a signal that soon the upward movement will end.
Entering a deal: After a confirmed H1 breakthrough.
Sl: 1.1300
Alternative Scenario: If the price returns below the broken resistance, then it will continue the downward movement to support the trend channel.
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