According to the EUR/USD Linear Regression Channel 1H Chart :
The EUR/USD currency pair has been trending upwards obviously during three days within almost identical Blue and Yellow channels depicted on the chart above.
Yesterday's EUR/USD price movement was quite weak which remained within the narrow-ranged bearish Violet channel depicted on the chart.
Today we had bullish breakout above the upper limit of the violet channel at 1.3333 which is a bullish signal to resume the bullish trend towards 1.3385, 1.3430 and 1.3475.
Price level 1.3330 - 1.3320 corresponds to the backside of the broken Violet channel and the lower limit of both Yellow and Blue channels giving a good BUY entry with SL to be placed below 1.3280.
TP will be located at 1.3385, 1.3430 and 1.3475 where profits should be taken.
