Lingrid

EURUSD forecast update - reversal and FALL

Short
OANDA:EURUSD   Euro / U.S. Dollar
Let me remind you, according to my past forecasts, the price really bounced off the support zone .

Continued growth.

And now I have almost come to the line of resistance.

In January 20201, the price broke through the 1.216 resistance line during the fall and thus returned to the global uptrend that it had followed since 2019. In the process of falling, the price also formed a small descending channel in which it dropped to the lower border of the global trend - the 1.172 support line.

The price has already bounced from this point and showed good growth. Continuing pso , it approaches the resistance line formed in June 2019. This line, as often happens, is formed in the middle of the channel and corrects the price movement. I expect that after touching it at point 1.203, the price will reverse and fall to the 1.178 support line. This will be our goal.

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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