⚠️ EURAUD breakout of support zone / Growth
The price rallied above the historically strong support level.
The price broke through the support zone 1.557.
In this area, a historically strong support level + March 2020 line + February 2021 line intersects.
After the breakout, the price continued to rise.
I expect that before continuing to grow, it will gain a foothold in the resistance zone:
- touches the resistance line 1.567.
- will fall to the support level of 1.557.
- will return to resistance.
The target is 1.566.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The price broke through the support zone 1.557.
In this area, a historically strong support level + March 2020 line + February 2021 line intersects.
After the breakout, the price continued to rise.
I expect that before continuing to grow, it will gain a foothold in the resistance zone:
- touches the resistance line 1.567.
- will fall to the support level of 1.557.
- will return to resistance.
The target is 1.566.
-------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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