We see a long sideways movement of the market within the bounds of the green and yellow channels. The bulls are trying to reach the upper yellow bound, but they have not yet succeeded. However, it should be noted that the price is now quite close to the resistance level of 1.088, which is on the upper yellow wall, so in the near future, the bulls may have enough potential to reach this level.
If we see a rebound from 1.088, then the bears can seize the initiative, in this case, we can expect a decline to the support level of 1.068. If the level of 1.088 is broken above, the growth may continue to the upper green bound and resistance of 1.108.
