FX.co ★ berta.hill | EUR/USD

The EUR/USD pair is mainly in a descending channel. The key level to pay attention to is the resistance at 1.068 (the intersection point of two resistance lines). A breakout above this mark will push the price back into the upper channel, thereby resuming the pair's rise at least towards the area of 1.078. Also, one should not ignore the support at the local daily minimum of 1.0603, a breakout of which will once again throw the price out of the channel and pull it towards the lower boundary to the level of 1.05306. The optimal scenario would be to enter the market on a breakout of these levels.