EURUSD update idea \ continue falling
While the price continues to fall (thereby following the target set by us yesterday), I will update the final target.
In the past yesterday's forecast (here it is)
I said that the price will reverse from the resistance line and begin to fall.
At the moment, this is the case.
However, I want to update the forecast target.
Last time we expected the price to come to the support line - the lower channel line.
Now I'm saying that the price will fall to the nearest support line - the strong line of 2019.
Two strong lines (one resistance - from August 2019, the second support - from September 2019) form an old upward channel.
Now the price is at the intersection of these two channels.
And I expect it to come out of one and start moving in the other.
The target is the nearest support line at 1.174
(trendline saved)
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
In the past yesterday's forecast (here it is)
I said that the price will reverse from the resistance line and begin to fall.
At the moment, this is the case.
However, I want to update the forecast target.
Last time we expected the price to come to the support line - the lower channel line.
Now I'm saying that the price will fall to the nearest support line - the strong line of 2019.
Two strong lines (one resistance - from August 2019, the second support - from September 2019) form an old upward channel.
Now the price is at the intersection of these two channels.
And I expect it to come out of one and start moving in the other.
The target is the nearest support line at 1.174
(trendline saved)
--------------------------
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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