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EUR/USD The situation with the euro/dollar pair is currently quite ambiguous. Initially, everything pointed towards the end of the upward correction and a transition to a long-term downtrend, but now I am starting to reconsider my previous trading forecast towards growth. Let's start by looking at the four-hour chart. A descending price channel was previously formed after a rebound from the local maximum of 1.2080. Within the southern channel, the euro/dollar pair has been trading since the end of January and continues to do so at the moment. Currently, the pair is moving north and forming another wave of growth after bouncing off the support line from the low of 1.1410. The target for buyers on the four-hour chart is the level of 1.1650, from which we may again see a rebound and a return to the downtrend. Chart H4:

Next, let's look at a shorter timeframe - the hourly chart. There is also a buy signal here, as an ascending price channel was previously formed, which has not been broken yet and remains relevant. The price made a false breakout below the lower boundary of the ascending channel, then returned to growth, and at the time of writing this post, the euro/dollar pair is trading at 1.1543 and specifically moving north. The first target for buyers is at 1.1580, and then we could potentially reach levels of 1.1600 and the level of 1.1650. Sellers may not let the price go higher. Chart H1: