In the weekly time frame, since March 2020, the price has been following an uptrend, bouncing for the first time on its dynamic support in November 2020.
It's currently in a and reached an important .
In the daily time frame, the price is still moving in a clear uptrend since it got a strong impulse on the main trendline.
In the h4 time frame, the price is moving with a strong uptrend, breaking through a daily at about 1.07279 and it's currently trying to reach the next main resistance at about 1.08500
I think this pair is going to get an upcoming interesting situation, less than 40 pips to reach an important and a high possibility to see a market reversal.
I'm confident to see the price collapsing as soon as it will reach the , planning my short trade once I'll get a proper rejection.
My target would be the at about 1.07276, matching with the .50% of .
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