EURUSD GROW from strong SUPPORT

3 thg 11, 2020

In June, the price came to a strong resistance line and moved along it for a long time - rising.
This line then served as a good impetus for the growth that we have seen over the past three months.

However, now, after the price moved in a small upward channel for a short time, it fell again.The fall was strong enough to break through both the line and the resistance level.
On the daily chart, we see that the price has come to a strong support line and has already pushed off from it, starting to rise.
This support line was formed in 2008, which gives a very strong basis for growth.



I expect growth to continue. Now the price rise to the resistance line, touch it, and will turn around and start falling again. The final goal in this case is the support level.

Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻