EURUSD correction and growth
The price continues to move in an uptrend that started in 2019.
During the growth, the price broke through the strong support line and formed a channel.
This strong growth is supported by a strong line.
The first touch of this line happened back in 2008.
Recently, the price broke through another 1.199 support line and moved within it for some time.
But she could not grow to resistance immediately.
Therefore, now, in my opinion, the price movement will develop in the following way:
1 - the price will complete the fall and touch the support line at 1.207.
2 - from support, the price will rise to resistance through correction.
The target is 1.241.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
During the growth, the price broke through the strong support line and formed a channel.
This strong growth is supported by a strong line.
The first touch of this line happened back in 2008.
Recently, the price broke through another 1.199 support line and moved within it for some time.
But she could not grow to resistance immediately.
Therefore, now, in my opinion, the price movement will develop in the following way:
1 - the price will complete the fall and touch the support line at 1.207.
2 - from support, the price will rise to resistance through correction.
The target is 1.241.
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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🔻FREE Telegram channel🔻
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