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EUR/USD breakout from a Channel Up trade setup. Will it continue this trend to hit the target price?

EUR/USD has broken through a support line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 1.1041 within the next 5 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.

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