Looking at EURUSD chart, one can see that after a local sideways move, the price broke the upper limit of Overbalance structure (and also SMA50), hinting at a bullish trend reversal. As long as the price sits above the 1.0810 handle, the upward correction move looks more probable. The nearest resistance to watch is the area at 1.09 and it is marked with previous price reactions. However, one should keep in mind that the long-term trend remains downward and long positions may be a risky.
EURUSD H1 interval. Source: xStation5
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