Despite the nearest supply level at 1.0100 not exerting enough bearish pressure, intensive bullish price action was seen around the lower limit of the depicted movement channel, resulting in the attainment of successive bullish targets around 1.0250, 1.0500 and 1.0600.
The price action around the key level of 1.0550-1.0600 was also bullish, leading to further bullish continuation towards 1.0800.
Additionally, there is a possibility of further bullish advancement towards the nearest supply zone around 1.1150-1.1200. Conversely, any bearish pullback towards the price levels of 1.0000 should be considered a valid long-term buying opportunity.