Dear traders! We see a correction in the descending price channel starting to appear on H4 and reaching 1.0855. But at the same time there is a flag pattern with a bullish price target gradually forming on the chart that usually determines our medium-term outlook. The key support at 1.083 could serve as a launching pad for the pair's next move.
It is expected that the price will recover after the correction and reach the upper channel limit and retest the 34.89 EMA levels.
It is expected that the price will recover after the correction and reach the upper channel limit and retest the 34.89 EMA levels.
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