DeGRAM

⚠️EURAUD growth from senior channel to junior

Long
FOREXCOM:EURAUD   Euro / Australian Dollar
As I said, the price continues to rise after changing the channel.
At the end of March, the price broke through the support 1.548.
This is the line of the younger falling channel (October 2019).
Thus, the price left the intersection of the channels and returned to the senior one (April 2020).
During the price growth, a support line was formed at the intersection of the channels (February 2021).
The price fixed on this line at the point 1.540.
Next, I expect a rise to resistance.
The target is 1.569.


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