The price increased from the support as I said last time. At the beginning of the month, the price bounced off the support at 1.195. This is the bottom line of the long growing channel. It began to form in November 2019. The price received a strong impulse for growth from this line. During the growth from 1.195, the price broke through the strong support level of 1.207. This level gave the price additional support. From it, the price continued to rise within the smaller channel. After a pullback and correction, I expect the price to come to the upper channel line (resistance). The goal is 1.218.
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