EURUSD Technical Setup – Bullish Move Incoming?EURO / U.S. DOLLARFX_IDC:EURUSDpejman_zwinEURUSD(EURUSD) is currently positioned near the lower line of a potential descending channel and is hovering around a Support zone($1.1542-$1.1514). There's also a smaller descending channel that formed last week, which is something we should consider in our EURUSD analysis. There's a Regular Divergence (RD+) between the two recent lows that EURUSD has made, which is a good sign of a possible reversal. In terms of Elliott Wave theory, it appears that EURUSD has completed the main wave 5, with the main wave 3 being an Extended wave. A break of the upper line of the descending channel(small) could confirm the end of the main wave 5. I expect that EURUSD could at least move up toward the next Resistance zone($1.1586-$1.1575). Second Target: $1.1597 Stop Loss(SL)= $1.14857 Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S. Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.