DeGRAM | EURUSD fall from trend resistance
Yesterday the price continued to rise and touched the resistance at 1.196.
This is the trend line of the falling channel.
The channel formed at the beginning of the year when the price started to fall from the resistance of 1.237.
During the fall in the channel, the price broke through the resistance line of November 2019 and February 2020.
At the end of March, the price bounced off the 1.174 support (trend line + support level).
During the growth from the support, the price came to the resistance level of 1.196.
I expect the price to fall again from this line.
It will return to the support line.
The target is 1.173.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
This is the trend line of the falling channel.
The channel formed at the beginning of the year when the price started to fall from the resistance of 1.237.
During the fall in the channel, the price broke through the resistance line of November 2019 and February 2020.
At the end of March, the price bounced off the 1.174 support (trend line + support level).
During the growth from the support, the price came to the resistance level of 1.196.
I expect the price to fall again from this line.
It will return to the support line.
The target is 1.173.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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