EURUSD growth in channel to resistance

2021年1月4日

The price continues to move in a small upward channel.
It recently bounced off the support line (lower channel line) at 1.222.
This upward movement is also part of the price movement in the older rising channel.
This channel began to form back in February 2020.

So now the price is near the intersection of the channels.
Namely, resistance lines (upper line of the senior channel).
I expect the price to finish rising in the lower channel.
She will come to the line of resistance.
The target - 1.240

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