EURUSD first - growth, second - fall
The price has been in an uptrend for the last year.
An important breakout of this trend is the 1.166 support line.
Let's look at the larger TF.
It can be seen that the base for the price movement is a strong support line.
It has existed since 2008.
The last time the price bounced off it a month ago at point 1.158 (the support line of February 2020 passes right there).
This gave impetus to growth.
During the growth, the price broke through the 1.198 line.
And now he receives support from her.
In my opinion, now the price will rise to the resistance line 1.237.
And then it will push off and fall back to the support.
The target is 1.208.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
An important breakout of this trend is the 1.166 support line.
Let's look at the larger TF.
It can be seen that the base for the price movement is a strong support line.
It has existed since 2008.
The last time the price bounced off it a month ago at point 1.158 (the support line of February 2020 passes right there).
This gave impetus to growth.
During the growth, the price broke through the 1.198 line.
And now he receives support from her.
In my opinion, now the price will rise to the resistance line 1.237.
And then it will push off and fall back to the support.
The target is 1.208.
----------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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