DeGRAM

EURUSD continues growth in channel

Long
FX:EURUSD   Euro / U.S. Dollar
In early 2020, the eurodollar began to rise in a global uptrend.
In November, the price touched the lower line of this trend - the support line at 1.160.
And it began to grow towards the line of resistance.
This movement formed local support and resistance lines (a small upward channel).
Several weeks ago, it broke through the support line at 1.205.
And now it moves along it.
However, I expect that the price will soon come to the resistance line of the older channel.
I expect the price to: first go down to the support zone (intersection of two lines) 1.213 and break it.
Then it will push off, break through the support line this time during the growth.
Will grow to the resistance line (upper channel line).
The target is 1.239.

-------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!

🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.