In the weekly time frame, since the end of March 2020, the price has been moving following a strong uptrend, boucing in November 2020 on its dynamic trendline.
It has currently reached an important and there is a possibility of a trend correction.
In the daily time frame, the price is still moving with a strong uptrend and just few days ago it reached and got a rejection on the at about 80.646.
In the h4 time frame, the price got a double rejection on the at about 81.000 and it's currently very close to its dynamic support line of the .
The next price action around this zone will be essential to understand the next market movement and if eventually it will be able to break through its channel.
The possible created around the at about 81.000 could be an interesting sign of market reversal.
I'm confident to see the price getting a small trend correction before retesting and eventually breaking through its dynamic support line of its .
I'll plan my next short trade once the price will break and pullback on the channel's and my target would be on the main support around the level 78.500.
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