Michael_Winner

Euro can rise to resistance line of upward channel

OANDA:EURUSD   Euro / U.S. Dollar
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Today we will look at the price of EUR/USD .
I draw your attention to the graph, where we can see how the Euro has formed an upward channel and is trading near its support line.
The price can continue to rise and break to the resistance line.
In my opinion, once the price can break the resistance level , the price can continue to rise and grow to resistance line of channel.
In this case, I set 2 targets.
The first target at a level 1.0440, the next target is at the level 1.0715 which coincides with the resistance line of the channel.

I expect this scenario, so be prepared for the next moves.
Thank you for your time, we hope our work suits you and you are satisfied, we wish you a nice day and great profits

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