EUR/USD: "fly me to the moon, let me play among the stars"

Frank Sinatra, what a singer.

Looking at the higher timeframe graphs of EUR/USD, it can be illustrated that the price is actively consolidating around the zone of the lower boundary of the downtrending channel. Moreover, a mini-range has been formed on the lower timeframe charts, and the price has nicely bounced off the lower barrier of it.

We are now expecting for the price to keep pumping and reach the upper boundary of the channel.

Have a great trading week, everyone!