EURUSD falling to support zone

14 thg 12, 2020

In early December, the price touched the resistance line 1.217.
This line is from May 2019.
The price was unable to break through it, rolled back, touched it again and began to fall.

During the fall, it formed a small downward channel.
The price has been moving in it for a week.
At the beginning of the trading day, the price touched the resistance line (upper channel line) 1.215.
In my opinion, now the price will fall and come to the support line (lower channel line).
At the same place, it is crossed by another support line, which has been working with the price since the beginning of November.
I do not think that the price will be able to fall below this support zone.
The target is 1.206.

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