Lingrid

EURUSD growth to strong RESISTANCE, reversal and FALL

Short
OANDA:EURUSD   Euro / U.S. Dollar
Yesterday we expected the price to drop immediately, but instead the currency pair showed a slight increase, so I improved my chart and update the forecast. The price is now at the 1.196 support line, which has been on the chart since August 2020. The price came to this point by pushing off from the 1.171 support line - this line was formed in March 2020 and is the border of the global ascending channel .

Since the price has such strong global support, and no less strong local support, I expect that now the price will continue to rise and touch the resistance zone 1.208, where the two strong lines of October 2019 and February 2020 intersect. After that, the estimate will turn around and return to support 1.184. This will be our goal.

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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