EURAUD first - growth, then - fall
The price has been moving in a falling channel since October 2020.
After touching the lower channel line, it rose to resistance and made a false breakout.
Then it dropped again and broke through the resistance at 1.558.
I am waiting for the price to rise to a strong resistance zone (channel line + 2019 resistance line).
Then - a U-turn.
And a fall towards support (the lower line of the channel).
The target is 1.515.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
After touching the lower channel line, it rose to resistance and made a false breakout.
Then it dropped again and broke through the resistance at 1.558.
I am waiting for the price to rise to a strong resistance zone (channel line + 2019 resistance line).
Then - a U-turn.
And a fall towards support (the lower line of the channel).
The target is 1.515.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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