EURUSD touch RESISTANCE line and FALL
In recent days, the price has come close to a strong resistance line that has existed on the chart since 2019.
Now the price is within this line at position 1.192. The price came to this point during the growth from the support level and I am sure that this impulse will be enough for it to continue its growth and touch the resistance line in the 1.194 area.
However, considering how strong this line is, I don't think the price will be able to break it.
In addition, another reversal crosses the line - this time it is the upper border of a small ascending channel in which the price has been moving since mid-November.
Thus, I expect the price to fall towards the 1.188 support zone. At this point, the line and the support level intersect.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Now the price is within this line at position 1.192. The price came to this point during the growth from the support level and I am sure that this impulse will be enough for it to continue its growth and touch the resistance line in the 1.194 area.
However, considering how strong this line is, I don't think the price will be able to break it.
In addition, another reversal crosses the line - this time it is the upper border of a small ascending channel in which the price has been moving since mid-November.
Thus, I expect the price to fall towards the 1.188 support zone. At this point, the line and the support level intersect.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
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