EURUSD FALL after correction
Over the past week, the price increased and came to the resistance zone of 1.213.
And she continued to move within this zone for some time without leaving it.
The price is standing and we are waiting for it to start moving.
However, I nevertheless expect the price to fall as the zone in which it is now is very strong.
It is formed by the trend line of formation in August 2020 and the smaller line in December 2020. And the fact that the price has been in the zone for a long time but has not been able to make a serious breakdown only confirms the idea of a fall.
Therefore, I now expect the price to bounce off the resistance zone at 1.213 and fall to the 1.199 support line.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
And she continued to move within this zone for some time without leaving it.
The price is standing and we are waiting for it to start moving.
However, I nevertheless expect the price to fall as the zone in which it is now is very strong.
It is formed by the trend line of formation in August 2020 and the smaller line in December 2020. And the fact that the price has been in the zone for a long time but has not been able to make a serious breakdown only confirms the idea of a fall.
Therefore, I now expect the price to bounce off the resistance zone at 1.213 and fall to the 1.199 support line.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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