EURUSD: Buy or Sell?

Dear traders!

Breaking out of the bullish channel has fueled an impressive rally in EUR/USD, with the pair currently trading around 1.0806 and showing no signs of slowing down from the bulls.

In the short term, to maintain its upward momentum, EUR/USD must break through the key resistance level at 1.093. A successful breakout could extend its bullish journey. Conversely, if this resistance holds firm, selling pressure may increase, causing the price to reverse and trigger a corrective move against the current trend.