EURUSD Both Sides Analysis

As you see in the 4H chart, there are two ascending parallel channels.

Price got rejected by the first ascending channel’s lower band (Purple) and pushed to the upside but it is approaching to the second channel’s upper band (Red) which can act as a resistance barrier.

Moreover, a triangle pattern is being creating.

Since there is an uptrend and price didn’t touch the red channel’s lower band in the last downside move, I expect a rise on EURUSD to 1.22 which is a resistance level and also a round number, after that price may pull back and retrace a little bit and then rise again, in the case of a breakout on the red channel’s upper band and rise around 1.23

Bearish Scenario: If the first channel’s lower band broken out to the downside (purple), we might see a fall at in price at least to the second channel’s lower band (red).

I’m on the bullish side, what about you?
Feel free to share your ideas in the comments 🤗🙏🏻