EURUSD 09 03 2021
EURUSD 09 03 2021
We expected a fall and an increase in prices at the intersection of two channels. global - from the beginning of 2020 and a smaller descending one from December. The price really went down to the lower border of the channel and broke through it. However, now it has come to a strong support zone, which is formed at the intersection of the channel line, the support level and the August 2019 line. I expect the price to bounce off this zone. Will break the nearest resistance at 1.189. Then it will rise to the resistance line 1.201. This will be our goal.
We expected a fall and an increase in prices at the intersection of two channels. global - from the beginning of 2020 and a smaller descending one from December. The price really went down to the lower border of the channel and broke through it. However, now it has come to a strong support zone, which is formed at the intersection of the channel line, the support level and the August 2019 line. I expect the price to bounce off this zone. Will break the nearest resistance at 1.189. Then it will rise to the resistance line 1.201. This will be our goal.
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