EURUSD fall at intersection of channels
The price has come to the intersection of the channels.
Channel One is direct, formed in July 2020.
The second channel is a falling channel, formed in December 2020.
The price bounced off the resistance of the falling 1.211 channel in early March.
Then it broke through the resistance of the direct channel at 1.197 and consolidated on this line.
Then she continued to fall.
The price is in a position close to the support line of the falling channel at 1.186.
I expect the price to be:
- Break the support line 1.185.
- will be corrected to position 1.184.
- will fall to the support line.
The target is 1.177.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Channel One is direct, formed in July 2020.
The second channel is a falling channel, formed in December 2020.
The price bounced off the resistance of the falling 1.211 channel in early March.
Then it broke through the resistance of the direct channel at 1.197 and consolidated on this line.
Then she continued to fall.
The price is in a position close to the support line of the falling channel at 1.186.
I expect the price to be:
- Break the support line 1.185.
- will be corrected to position 1.184.
- will fall to the support line.
The target is 1.177.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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