Lingrid

EURUSD completion of an uptrend and a FALL

Short
FX:EURUSD   Euro / U.S. Dollar
Let me remind you that on Thursday at the beginning of this month the price increased and broke through the 1.188 support line. Thus, she left the descending channel, which has been going on since January 2021. After the breakdown of the channel, the price was also able to break through the 1.199 support line - January 2019. And as a result, it grew to the local resistance line of 1.212, which was formed at the highs of the price since January of this year.

The price touched this line in January, then at the end of the fairway and now. And after each touch, a fall began. Therefore, even now I expect that the price will reverse and begin to fall. So my final target is the January 2020 support line at 1.200.

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

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