Well defined channel

FX:EURUSD   Euro / U.S. Dollar
107 0 6
Price action in the last few months has carved out a pretty looking upwards channel. After some consolidation and a small correction, bullish action has resumed today and this is confirmed by a higher daily close today. I presume price will go as high as 1.1650 to the top of the channel and then correct down to the bottom towards 1.12.
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