Trade77; EURUSD Technical Analysis 7am

Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
Happy New Year to everyone and wish you had a great vacation and have started a great year full of pips.

Daily chart below shows that price completely bounced off the trendline #1 and also 200 simple moving average which I mentioned before. First resistant on the daily chart would be trendline #2 which shows a possible 1.3500 price level.

Also there is a possible channel in the four hour chart which you can see it below. Main channel has
built by trendline #1 and #2 and we have got a median line #3 which shows price rejected
sometimes from that line very nicely.

For the last words I want to mention that triangle I posted a week ago and now it’s broken to the upside.
Price almost has reached that broken triangle and I think 200sma on H4 and also that trendline will hold the price.

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Kindest Regards

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