FX.co ★ TST as the Foundation for Medium-term Trading

Hello traders, I have some new thoughts because there are new levels. The idea is that these levels, for example on eur/usd, are currently not eager to push the price up, as indicated by the fact that its upper channel boundary is not rising. However, this situation won't last forever. Either we will fall back at least to 1.1500, where today's lower channel boundary is, and then we will consider what to do next. Or we will break out upwards in blue, work on another level at 1.1605 that hasn't been tested yet, and then return. These are today's thoughts. What to do next will depend on what the market shows today and how the levels will be tomorrow. For now, this is what I think.