EURCAD grow in channel

FOREXCOM:EURCAD   Euro / Canadian Dollar
In January, the price broke through the resistance at 1.549 and returned to the falling channel .
She has been moving in this channel since August 2020.
During the fall in the channel, the price came to the support line 1.527.
Strong support line, first touched in 2012.
The only major breakdown of the line was in the first half of 2020.
The other day the price touched the strong support 1.527.
After that, the price started to rise slightly.
Since this line is very strong (2012), I expect that the price will continue to rise from it and come to resistance (the upper line of the falling channel ).
The target is 1.547.

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Love it! 👍
+2 Reply
DeGRAM Zanchy
@Zanchy, Thank you a lot
+1 Reply
grat! thanks
DeGRAM Lingrid
@Lingrid, Welcome
eurcad will go up
DeGRAM TradingAlchemist
@TradingAlchemist, Thank you
There would be no support line and the lower channel line would be broken!
DeGRAM Solldy
@Solldy, Interesting words
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