Lingrid

EURUSD FIX on SUPPORT line and GROWTH

Long
FX:EURUSD   Euro / U.S. Dollar
Yesterday I made a long-term forecast for the development of the Eurodollar. And the price is sticking to my plan.
Let me remind you that last week the price started to rise from the support zone to the resistance line.

When it reached the line, it reversed in the fall.

As I said yesterday, the price is ready to bounce off the support and rise along a strong resistance line.

It is important to note that during the fall at the end of February, the price was able to break through the strong resistance line at 1.198. This line has existed on the chart since February last year. After the breakout, the price dropped to the support line and then rose again to the resistance, thereby gaining a foothold on it. Now the price is in the process of falling again and I expect it to first touch the 1.187 support and then rise to the 1.205 resistance.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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