EURCAD grow in channel

٢١ يناير ٢٠٢١

In January, the price broke through the resistance at 1.549 and returned to the falling channel.
She has been moving in this channel since August 2020.
During the fall in the channel, the price came to the support line 1.527.

Strong support line, first touched in 2012.
The only major breakdown of the line was in the first half of 2020.
The other day the price touched the strong support 1.527.
After that, the price started to rise slightly.
Since this line is very strong (2012), I expect that the price will continue to rise from it and come to resistance (the upper line of the falling channel).
The target is 1.547.

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