Demand on EURUSD definitely catched the wind. Since a week supply wasn’t able to cross 1.0800 level, beside this last two days show constant upward movement. Currently price broke above bearish regression channel in which price moved since December 4.
Attempts like those were already seen several times and every time ended with failure. This time could be the same and price may return inside the channel. Price return to 1.0900 will be a perfect confirmation and dynamic upward movement with new high. Such a movement should lead price to 1.1050 (with stop at 1.0965). However if break above bearish regression channel ends with failure, downward movement will stop at 1.0800.
Time-frame H4
