While EUR.USD is currently in a long-term Down-trend, the longer term Up-trend is very forceful. A recent tentative Break-out from the Down-trend causes me to re-draw the Resistance Line of the Down-trend. Following this Resistance Line and the Support Line for the Up-trend indicates that the Down-trend should continue until October 2022. However, there must be a break-out at or before then. We can't avoid acknowledging the possibility that the Break-out might occur any time before then. In the shorter term, we can follow upswings and downswings in the Channel indicated in my previous posts.
