Lingrid

EURUSD testing RESISTANCE zone and FALL

Short
FX:EURUSD   Euro / U.S. Dollar
Over the past month, we have seen strong price fluctuations - this is how she reacted to the elections in America.
However, now the uncertainty has disappeared and price movements have become much calmer and more regular.

The amplitude of fluctuations decreased when the price approached the strong resistance zone - 1.188.
This zone is formed by a strong July line, and another resistance zone.


The price already touched this line yesterday and we expected it to fall. However, after the beginning of the fall, the price made a correction and again approached the tight resistance. I regard this movement as a fixation in the area that precedes the fall.


I continue to anticipate the target of the previous forecast, namely: a fall in price. The closest target point is the support line.
Thus, my immediate target is the support line at 1.185.

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

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