EURUSD: will the price be able to return to the channel?

Since the beginning of the year, the price has been falling in a downtrend from point 1.234. During this fall, a channel was formed, but after the breakdown of the resistance line in April at point 1.187, the price left the channel. Now it has almost grown to the local resistance line, which formed at the tops of price breakouts. We can expect a fall in the price to support 1.177.

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