EURUSD falling in channel to support zone
The price is "stuck" at the resistance line (the upper line of the small downtrend channel).
During the trading day, she moves along it.
At the same time, it continues to move in a larger uptrend.
The trend line is the resistance line of the middle of this year.
The line gives additional resistance to the price and I don't think it will fall.
Since now the price is near two resistance lines (one of them is the channel border) 1.216.
I expect it to fall from this point.
The fall will continue until the support zone: channel line + support line November 2020.
The target is 1.207.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
During the trading day, she moves along it.
At the same time, it continues to move in a larger uptrend.
The trend line is the resistance line of the middle of this year.
The line gives additional resistance to the price and I don't think it will fall.
Since now the price is near two resistance lines (one of them is the channel border) 1.216.
I expect it to fall from this point.
The fall will continue until the support zone: channel line + support line November 2020.
The target is 1.207.
------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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