Technical analysis 22 May 2025 EUR/USD H-1 
Hello, Nicholas! Yes, I agree with you. If we open the hourly chart, we will see that earlier, after a rebound from the local minimum of 1.1065, the EUR/USD pair went up, and then an ascending price channel was formed, within which the EUR/USD pair is traded at 1.1279. Technically, the channel is equidistant, and the upper boundary of the channel has not been reached. Right now, the second wave of growth is being formed, which began after a rebound from the support line at 1.1140, and the end of the third wave of growth will be on the resistance line at 1.1340. I advise buying the EUR/USD pair from current levels to it, since we see that a major player is starting to buy up any pullback and extend the price to the north. Chart H1: And then we open the market sentiment chart. As we can see, the number of sellers has grown to level 65 from mark 53. Considering that now in the market there are 35 percent of buyers against 65 percent of sellers, there is a high probability that a large player is already in purchases and will continue to stretch the price further to the north and take out the crowd of bears by stop loss. And finally, we open the weekly timeframe: On the weekly chart, we have a very strong signal to buy: 1. The price broke through the upper border of the channel and updated the local maximum to level 1.1565. 2. The price drew an unsuccessful test of the resistance line from top to bottom for a breakout with a rebound and continued growth. As we can see, a new green weekly candle is already being formed, and there is a high probability of continued growth, and the first target for buyers will be level 1.1565, and then we can shoot to mark 1.1800 and to the target level of 1.2000. I also advise buying the EUR/USD pair in the long-term trading perspective.
