Since the 10th of January 2021, the price has been following a clear , bouncing few times on its dynamic channel's lines.
Yesterday, the 1st of February, the price reached its dynamic resistance line, getting a nice rejection on that level.
It is currently re-testing the at about 79.700 and the next price action will be essential to understand the next market movement.
The price is just in the middle of its channel, around a at about 79.700.
I'm confident to see it having a small correction before falling down through the until its dynamic support line.
I'm already holding a short position but I'll be waiting for the breakout of the before planning my second position around the level 79.400.
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