On the EURUSD daily chart, we can see that the instrument is consolidating above the broken upside resistance line 1.19558 level. This level is acting now as a support for an upside continuation. In the case of a daily close below this level, we could see a deeper pullback into the medium-term uptrend support zone 1.18500-1.19000.
Note: look for the long trade entries on a reaction from this level.
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