EUR/USD retakes rising trend line, but yet to take out descending trend line hurdle

EUR/USD is back above the rising trend line on the daily chart… say thanks to the spike in the German yields for that. However, the job is not done… as the pair still awaits bullish break from the falling channel on the 1-hour chart.

The channel resistance is seen around 1.1380.

Daily chart

eurusd daily.png

1-hour chart

download (2).png

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