EURUSD - PRICE AT THE BOTTOM OF THE 4H CHANNEL

This morning's impulsive move resulted in the price landing at the bottom of the channel that has been in place since the beginning of September. A break of the 1.1100 level would likely mean a re-test of 1.1000 and possibly 1.0850. On the other hand, we could see a bounce off the trendline with price reversing to 1.1500.

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