EUR/USD THE GREAT BOUNCE BACK !!!!

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EUR/USD has already reached the febs lowest high's support and likely to retest the level at 1.2076 and bounce back! below there's a piles of strong level resistance. opting for a long position as it has already began to form a ascending channel. Fundamentally the US House of Representatives passed President Joe Biden's $1.9 trillion coronavirus relief package gives us a good sign of a uptrend ! even the RSI shows a clear bounce back, cheers lets all have a good week.