DeGRAM | EURUSD fall from strong resistance
Since November 2019, the price has been increasing in the main channel.
At the beginning of this year, it touched the upper border of the channel.
The price dropped from the resistance level of 1.237 and a junior channel was formed during the fall.
At the end of March, the price came to the support zone of 1.168.
The main trend line (March 2020) and the falling channel line (January 2021) intersect here.
The price jumped from the support.
It has broken through the line of support (the border of the falling channel) 1.198.
Then it rose to the resistance line (February 2020) - 1.214.
I expect to fall from this point to support.
The target is 1.190.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
At the beginning of this year, it touched the upper border of the channel.
The price dropped from the resistance level of 1.237 and a junior channel was formed during the fall.
At the end of March, the price came to the support zone of 1.168.
The main trend line (March 2020) and the falling channel line (January 2021) intersect here.
The price jumped from the support.
It has broken through the line of support (the border of the falling channel) 1.198.
Then it rose to the resistance line (February 2020) - 1.214.
I expect to fall from this point to support.
The target is 1.190.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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