UnknownUnicorn15614419

EURUSD: fifth touch of the resistance line. Breakout or fall?

Short
OANDA:EURUSD   Euro / U.S. Dollar
The Eurodollar has perfectly worked out the growth to the resistance line of 1.187 and is now at the upper border of the falling channel (January 2021 - present). This is the fifth touch of the resistance line in the channel, and after each of them the price fell. The fall can be expected even now. The price may go down to the 1.173 support, this is the correction line in the middle of the channel.
SL - 1.193.

Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.