DeGRAM | EURUSD downtrend formation
As I said from the beginning of the week, the price continues to fall slightly from the resistance of 1.218.
May 10
May 11
After touching the resistance line 1.218 earlier this week, the price stopped.
Then it turned around and for the last two days shows a slight downward movement.
I continue to expect a drop as the price made a double touch at the resistance of 1.218.
This line was formed in February 2020 and is a correction zone (there were only three breakouts).
The target is 1.187.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
May 10
May 11
After touching the resistance line 1.218 earlier this week, the price stopped.
Then it turned around and for the last two days shows a slight downward movement.
I continue to expect a drop as the price made a double touch at the resistance of 1.218.
This line was formed in February 2020 and is a correction zone (there were only three breakouts).
The target is 1.187.
-------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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