The market is steadily approaching a crucial support level.
It has formed a range zone around the key price point of 1.1000 following a complex pullback.
Currently, the price is testing the upper border of the ascending channel, which represents the global upward trendline.
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In my analysis, I anticipate an upward extension towards the primary resistance zone if the support level proves to be resilient.
With that in mind, my target is set at the resistance zone around 1.10740.
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