EURUSD will fall to support and return to resistance
My last prediction came true.
The price bounced off the resistance level and fell.
And now the price continues to fall.
This movement is part of the channel.
The channel was formed in December last year.
In two months, the price broke through the upper channel line.
But during the fall, she returned to his definition.
A resistance line formed at the breakout highs (January 2021).
At the end of last week, the price touched resistance at 1.214.
Then it dropped, made a small correction and continued to fall.
I expect the price to be:
a) touches the lower line of the channel 1.205 (support).
b) rises back to resistance.
The target is 1.211.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The price bounced off the resistance level and fell.
And now the price continues to fall.
This movement is part of the channel.
The channel was formed in December last year.
In two months, the price broke through the upper channel line.
But during the fall, she returned to his definition.
A resistance line formed at the breakout highs (January 2021).
At the end of last week, the price touched resistance at 1.214.
Then it dropped, made a small correction and continued to fall.
I expect the price to be:
a) touches the lower line of the channel 1.205 (support).
b) rises back to resistance.
The target is 1.211.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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