At the moment, market movements are limited by the upper bound of the green channel and the lower bound of the yellow channel. During the previous trading days, we saw a fairly rapid rise of the currency pair from the lower yellow wall, then the formation of a flat began. It is likely that the bulls are gaining strength, and soon the growth will continue to the upper green bound and the resistance level of 0.914.
If this price level is broken above, the market growth may continue to the upper yellow wall and the level of 0.931. However, if the bears could push the price and overcome the support level of 0.904, which is formed by the moving average, the market may continue to go down to the support level of 0.895, which is on the yellow wall.
