The pair entered the ascending channel marked up with blue lines. We can also consider the current position as inverted head and shoulders pattern. The resistance level is at the 1.2780 level. We suppose that if the pattern will be finished, the pair will be able to exceed the upper limit of the channel.
Therefore, we advise you to take long positions. Consider the marks near the 1.2860 and 1.2920 levels.
Therefore, we advise you to take long positions. Consider the marks near the 1.2860 and 1.2920 levels.