On the chart, from a technical perspective, we see a retest of the resistance level that was last tested in September 2020. Within the distributive movement after the breakdown of the ascending channel and the momentum of 3.5% we see the formation of a false breakdown and the consolidation of the price under the resistance zone .

I assume that before the news release the price will be able to form a pullback towards the channel support, after which the growth can continue, as the price has not yet reached the global objectives, in terms of technical analysis . The short-term target for the pullback is the channel support zone .

Consider to join our VIP group

Follow me on:
Twitter
Facebook page
Instagram

Make sure to check my introduced MT4 Trading Strategy below:

TRADE EXAMPLES:

Special offer for 37$

Complete payment using PayPal below

2 Option – Make a payment using Credit Card, Apple Pay or Google Pay

3 Option – Scan QR code to complete a payment

4 Option – Skrill

If you would like to pay through Skrill, log in or create a Skrill account and send $37 to [email protected] with message “For Forex T Station Strategy” and you will receive indicator download information within 24 hours.

5 Option – Neteller

If you would like to pay through Neteller, log in or create a Neteller account and send $37 to [email protected] with message “For Forex T Station Strategy” and you will receive indicator download information within 24 hours.

6 Option – Perfect Money

If you would like to pay through Perfect Money, log in or create a Perfect Money account and send $37 to U14173568 with message “For Forex T Station Strategy” and you will receive indicator download information within 24 hours.

If you would like to pay through Crypto Currencies follow click the button below!