EURAUD growth in crossing channels
The price came to the intersection zone of two channels.
Junior - appeared in October 2020.
Senior - in April.
Both channels are falling.
At the end of February, the price bounced off at the support 1.525 (the boundaries of the higher channel).
After this touchdown, a support zone was formed, which the price touched twice more (in early March and today).
In early March, the price bounced off the support zone of 1.527.
Broke two resistance lines (higher and lower channel) in the area of 1.542.
Then it dropped again and returned to support 1.538.
This support zone is located in the intersection of the channels.
I expect the price to bounce off the support and rise to resistance.
The target is 1.570.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Junior - appeared in October 2020.
Senior - in April.
Both channels are falling.
At the end of February, the price bounced off at the support 1.525 (the boundaries of the higher channel).
After this touchdown, a support zone was formed, which the price touched twice more (in early March and today).
In early March, the price bounced off the support zone of 1.527.
Broke two resistance lines (higher and lower channel) in the area of 1.542.
Then it dropped again and returned to support 1.538.
This support zone is located in the intersection of the channels.
I expect the price to bounce off the support and rise to resistance.
The target is 1.570.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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