EURUSD Growth after rollback
The price continues to move in my previous forecast. Namely: from the resistance line 1.216 it falls towards the support line
Now the price is in a global uptrend - a channel.
It hit it after a push to rise in May 2020 at the level of 1.107.
In addition to the lines of the channel itself, two lines also affect price formation: support (August 2020) and resistance May 2019.
The other day, the price just bounced off the resistance line 1.216.
And now I expect the price to go up in several stages.
First - a fall to the support line of 1.200
Secondly, a rebound and a subsequent breakout of the resistance line 1.223.
Thirdly - consolidation on the line and growth to the resistance (channel line) 1.250.
The target is the resistance line at 1.250.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Now the price is in a global uptrend - a channel.
It hit it after a push to rise in May 2020 at the level of 1.107.
In addition to the lines of the channel itself, two lines also affect price formation: support (August 2020) and resistance May 2019.
The other day, the price just bounced off the resistance line 1.216.
And now I expect the price to go up in several stages.
First - a fall to the support line of 1.200
Secondly, a rebound and a subsequent breakout of the resistance line 1.223.
Thirdly - consolidation on the line and growth to the resistance (channel line) 1.250.
The target is the resistance line at 1.250.
----------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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