EURAUD drop along the channel line
The price will fall in a falling channel (October 2020).
Both channel lines are regularly broken by the price.
All breakouts were false.
During the fall, the price broke through the resistance at 1.554.
Now this line will be additional resistance in case of a false breakout of the channel line.
After the breakdown of the resistance line 1.554, the price fell to support.
But then it returned to resistance and has been moving along it since the beginning of March.
Growth is held back by the falling channel line (October 2020).
I expect the price to fall to support.
The target is 1.502.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Both channel lines are regularly broken by the price.
All breakouts were false.
During the fall, the price broke through the resistance at 1.554.
Now this line will be additional resistance in case of a false breakout of the channel line.
After the breakdown of the resistance line 1.554, the price fell to support.
But then it returned to resistance and has been moving along it since the beginning of March.
Growth is held back by the falling channel line (October 2020).
I expect the price to fall to support.
The target is 1.502.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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