• Euro is rallying again after testing the ascending trend line support near 1.05 • The pair is still trading inside an ascending channel • I added a middle line inside the channel which is acting as support and resistance along the trend up • Also, we can spot a short term descending channel, in which we are now, inside the big upward channel • Bulls need to break the upper boundary of the downward channel in order to support the rally • All eyes on FOMC meeting this week, which will be the catalyst for the next move, which appears more likely to be up than down, technically.