This currency pair is currently on the border of the resistance level on the H1 chart. We expect a break through the resistance line and subsequent growth towards the next resistance level. Due to the previous slightly downward trend, it is possible that there will also be a rebound from the resistance level downwards, where the price level is support (support), at this price we have placed our stop loss. However, we assume that if this scenario occurs, the price should react near the broken trend line by rebounding upwards and then rising above the trend channel, i.e. towards our target price. Fingers crossed...
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