DeGRAM | EURUSD forecast for the week. Pullback from 1.142
The instrument is still in a bearish mood, the sellers dominate the market.
After consolidating under the strongest support at 1.162, the price falls to the lower border of the descending channel and just there the old support level from June 2020 - 1.142 passes, but the price stopped at the level, we see a slowdown in movement and a decrease in intraday volatility.
On the distributive movement, the price at the end of the week approaches a strong zone, I do not think there is energy to continue the movement, I assume a false breakout and a price rollback to the nearest resistance at 1.1523
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After consolidating under the strongest support at 1.162, the price falls to the lower border of the descending channel and just there the old support level from June 2020 - 1.142 passes, but the price stopped at the level, we see a slowdown in movement and a decrease in intraday volatility.
On the distributive movement, the price at the end of the week approaches a strong zone, I do not think there is energy to continue the movement, I assume a false breakout and a price rollback to the nearest resistance at 1.1523
-------------------
Share your opinion in the comments and support the idea with Like.
Thanks for your support!
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🔻FREE Telegram channel🔻
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