Is EURUSD About to Take Away?

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The currency pair continues to move in an upward direction inside the yellow channel. More precisely, price movements are described by the bounds of the green channel, the price gradually rises, starting from the walls of this channel.

Thus, in the near future, we may see a continuation of the bullish movement towards the resistance level of 1.129, which is on the upper wall of the yellow channel.

The upward scenario can be canceled if we see a break of the lower green wall near  1.1112, in this case, the bears may open the way to the lower yellow bound and the support level of 1.104.



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