Lingrid

EURUSD continues FALLING from RESISTANCE line

Short
FX:EURUSD   Euro / U.S. Dollar
The price continues to move, as I said in my previous forecast.
one.
2.
3.

Namely: after the pair collapsed from the resistance line 1.233 - the upper border of the global ascending channel, which originates in early 2020 - the price was able to break through the zone and the resistance line 1.214.

After a breakdown and a slight downward movement, the price worked out several corrections to the line and, after breaking through the latter, fixed on it in the area of ​​1.216. Now, as we can see, the price began to fall from this line - as I said yesterday.

In addition, the "Head and Shoulders" pattern is completing the formation on the chart. Therefore, I continue to expect a fall and believe that the price will go down to the support line - the lower border of the ascending channel - and touch it at positions 1.191.

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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