DeGRAM | EURUSD fall after a pause at the resistanceIn my long-term forecast, I said that the price is heading towards resistance.
Then we moved to the near term and predicted an increase to local resistance, and then a fall.
The price really rose to the resistance of 1.192 and is standing at this line.
After bouncing from the 1.173 support, the price rose to the resistance at 1.192.
She has been standing at this line for the last 24 hours.
However, this is a strong trendline for January 2021.
I expect the price to fall towards support.
The target is 1.177.
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Sforex
⚠️US100 falling from resistanceIndex growth is based on support (June 2020).
Resistance are:
1. line of the main trend (August 2020), the last touch of which became the historical high of the price 13901.7.
2. line of the middle of the trend (July 2020), in the area of which price corrections often occur.
Now the price is at the resistance 13384.4.
I'm looking forward to falling to support.
The target is 12658.1.
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Thank you for your support!
EURUSD FALL and return to SUPPORT zoneLet's remember how the price moved in the last week.
After the pair broke through the resistance line, it began to fall.
Then she sank to the side of support, but almost immediately turned around and again showed confident growth.
In the end, the price reached the resistance zone of 1.213, as I said in my last forecast. And after that, it turned around and dropped to a minimum towards the support.
I continue to bet on the decline with a slight correction. The price will drop to a strong support zone at the intersection of the level and the support line. So my final goal is 1,200.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻