EURUSD break RESISTANCE zone and continues FALL

Yesterday we expected with you that the eurodollar, which has recently risen to the resistance zone of 1.216, will fall to support. As you can see from the results of the day, this is exactly what happened.


Consider the price movement at a lower TF, here we see that during the fall, the price came to the resistance zone of 1.209. The zone was formed at the intersection of the zone from the beginning of December as well as the resistance line, the first touch of which occurred back in September 2020.

And having come to this zone, the price broke through it and continued to fall. A breakout of such a strong resistance is very important, as it suggests that the price is likely to continue falling.
I expect that after the breakdown of the zone, the price will fall to the nearest support line. So my final target is the 1.201 support line.

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