Price is now retesting a key support zone around 0.5850, where previous resistance is beginning to act as support. If buyers continue to defend this area, the next bullish leg could extend toward the 0.5935 target, near the upper boundary of the channel.
As long as price holds above the support zone and the ascending trendline, the bullish outlook remains valid. A decisive break below this structure would weaken the setup and increase the risk of a deeper correction.
Always wait for confirmation and manage your risk properly.
Best of luck!
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