JohnnyPurtoy98

EURUSD - ascending channel

Long
FX:EURUSD   Euro / U.S. Dollar
An ascending channel has formed, and the support line of the channel seems to be holding very well, every time the support line is tested the RSI touches an oversold level. We have now seen the support be tested for the third time, followed by 3 bullish candles (could be considered a three white soldier pattern). This shows that the price is about to change direction, it should increase the momentum of the upward move. I will update everyone on this post once the market opens tonight.

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