Lingrid

EURUSD come to RESISTANCE zone. Next - FALL

Short
FX:EURUSD   Euro / U.S. Dollar
Despite the fact that the price once again - for the third time in the last month - turned in a correction and returned to the resistance zone again, I continue to expect the price to fall for several reasons.

Recently, the price has returned to a strong resistance zone, which is also crossed by an even stronger line. This line was formed in December 2019 and now the price is near it at position 1.216. It is this strong line in a team with a resistance zone that gives rise to doubts that once in the zone, the price will be able to grow strongly. It is more likely that the price will fall to the support line from the resistance zone at 1.216.

Moreover, all these attempts to grow are most likely only a strong correction to an even stronger fall, which the price showed at the beginning of the month from the 1.233 zone. So now I expect the price to fall to the support line and touch it around 1.212. 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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