In the weekly chart the price is following a clear pattern, after it broke an historical in the middle of November 2020.
In the we can confirm this strong uptrend, in fact the price since the end of March has been moving following and bouncing between the dynamic S/R levels of that pattern.
In the h4 chart, the price got many rejections on the at about 0.89850 and on the 15th of December a strong impulse pushed the price up in a clear , breaking it for the first time on the 8th of January 2021.
The price is actually following a new downtrend and it's approaching to retest the previous at about 0.91000, creating a possible pattern.
The next price action around this level will be essential to understand the next market movement.
The price is actually following a clear and it reached an interesting and at the same time the dynamic support of that channel.
The price is oversold and the is also showing us a nice convergence in an interesting area.
I'm confident to see the price grows until the dynamic resistance of the channel.
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