My previous idea was perfectly fulfilled as the market reached the target zone.
Currently, the price action is forming an ascending triangle pattern, and it is approaching the primary resistance zone.
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The price has created higher lows and updated its highs, which has resulted in a price squeeze before a possible extension.
In my opinion, the market will test the main resistance zone again.
In the long term, I expect a breakout of the pattern followed by an expansion in the direction of the main trend.
My target is the resistance zone around 1.10670.
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