DeGRAM | EURUSD lower volatility

EURUSD is in an ascending channel between trend lines.

The price is moving from the upper boundary of the channel, resistance level and upper trend line, which has repeatedly acted as a pullback point.

After the chart failed to form an ascending structure, the volatility decreased and after the chart returned under the dynamic resistance level and is currently holding under the important psychological level of $1.05.

We expect the pair to pullback to $1.03430 after consolidating under the supply zone.

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