Moving to the new channel
On the chart we observe that the pair was able to rise above our current channel boundary and believe that the pair will be able to consolidate in the parallel channel. Technical indicators tell us to buy, but at the moment, the pair is in the correction and on the lower charts we have signals to sell.
We assume that the pair will remain above the upper boundary and draw a parallel channel of the same height. Therefore, we advise you to wait for the completion of the correction and take long positions in a pair. Consider the marks near the levels of 1.3030 and 1.3010.
We assume that the pair will remain above the upper boundary and draw a parallel channel of the same height. Therefore, we advise you to wait for the completion of the correction and take long positions in a pair. Consider the marks near the levels of 1.3030 and 1.3010.
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