EURUSD consolidates on support and grows
The price continues to move in an upward channel.
Last time I waited for the price to fix on the line.
The forecast continues to form in the right direction.
As I said, this price is characterized by movement in "waves" (my first big analysis about this)
Usually there are 2-3 waves of one trend, then the trend changes.
Wave formation on the chart is alternating.
Since March, the price has been forming upward waves.
We can see that two of them have already formed. The third is in the process of forming right now.
I expect the price to complete the corrective movement and first touch the support line (August 2020) at 1.199.
And then it will rise and complete the formation of the wave.
The target is the resistance line at 1.238.
Last time I waited for the price to fix on the line.
The forecast continues to form in the right direction.
As I said, this price is characterized by movement in "waves" (my first big analysis about this)
Usually there are 2-3 waves of one trend, then the trend changes.
Wave formation on the chart is alternating.
Since March, the price has been forming upward waves.
We can see that two of them have already formed. The third is in the process of forming right now.
I expect the price to complete the corrective movement and first touch the support line (August 2020) at 1.199.
And then it will rise and complete the formation of the wave.
The target is the resistance line at 1.238.
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