Euro / U.S. Dollar
Long
Updated

DeGRAM | EURUSD held in the channel

338
EURUSD is in an ascending channel between trend lines.

The price is moving from the lower trend line, which has already acted as a rebound point, and the lower boundary of the channel, above which it has successfully consolidated.

The chart formed a harmonic pattern while testing the boundaries and is now approaching the upper boundary of the triangle.

On the main timeframes RSI is above 50 pips, but 30m is overbought.

We expect EURUSD to continue rising after consolidating above the upper trend line.

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Trade closed: target reached
Congratulations to everyone on a successful transaction! We were able to pick up more than we predicted. Closed +94 PIPS

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