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EURUSD: Intraday Analysis

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Features of the Chart:

Short-Term Bullish Channel: Relatively sharp incline.
Mid-Term Channel: Almost range-bound.
Trend Line: Key support/resistance.
Trading Plan:

Confirmation to Buy: Wait for the break of the trend line and a move above 1.0856.
Entry Point: Enter long around 1.085, which is the cluster of:
Broken trend line
Midpoint of the long-term channel
Midpoint of the short-term channel
Note: This analysis is valid for intraday trading and may be influenced by upcoming economic news or significant market events. Adjust positions accordingly based on new information.

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