Key Levels to Watch for EURUSD Reversal Signal

The EURUSD has completed a double bottom pattern on the daily timeframe with a breakout above the neckline, indicating a shift towards a bullish trend. However, with every strong move and breakout, there is usually a corrective move to retest the broken level. I expect the price to retrace to either 1.06897, which is a previous support and neckline, 1.06601, which is the upper channel line that was breached, or even 1.06231, which is the confluence of the 50 and 100 moving averages on the 4-hour timeframe and the 200 moving average on the hourly timeframe, which the pair tends to return to after every extended move. From one of these three levels, we will wait for any reversal signal to enter a buying opportunity up to 1.0750

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