EUR/USD -21/03/2023-

• Euro is rallying again after testing the ascending trend line support near 1.05
• The pair is still trading inside an ascending channel
• I added a middle line inside the channel which is acting as support and resistance along the trend up
• Also, we can spot a short term descending channel, in which we are now, inside the big upward channel
• Bulls need to break the upper boundary of the downward channel in order to support the rally
• All eyes on FOMC meeting this week, which will be the catalyst for the next move, which appears more likely to be up than down, technically.