EURUSD resumption of growth
Price is in the process of forming a global upward trend since 2019.
Regularities are highlighted within the boundaries of the trend.
As you know, the price of this pair develops in waves.
The first three waves (June, August, December) are growth.
Then three waves of fall.
During the formation of each falling wave, the price broke through the resistance line, fixed on it and continued to move.
Last week the price corrected its fall and consolidated at the resistance of 1.199.
Then she continued to fall.
I expect it to drop to 1.160 support.
Then it will start a new growth and return to resistance.
The goal is 1.216.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Regularities are highlighted within the boundaries of the trend.
As you know, the price of this pair develops in waves.
The first three waves (June, August, December) are growth.
Then three waves of fall.
During the formation of each falling wave, the price broke through the resistance line, fixed on it and continued to move.
Last week the price corrected its fall and consolidated at the resistance of 1.199.
Then she continued to fall.
I expect it to drop to 1.160 support.
Then it will start a new growth and return to resistance.
The goal is 1.216.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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