EURUSD return to descending channel and continue to fall

FX:EURUSD   Euro / U.S. Dollar
The price of the currency pair remains in position as at the beginning of the week, which means that at the moment I continue to expect a fall. Let me remind you that the price has been falling since the beginning of the year from the resistance point of 1.237. During this fall, it came to a strong support at 1.170, where two lines intersect at once - 2009 and 2007 (!), As well as a historically strong level of support.

From this point, the price rose to the upper border of the descending channel and even tried to break it out at point 1.189. However, I am sure that this breakout will turn out to be false and the price will fall again in the near future. It will return behind the line, fix on it at point 1.181, after which it will continue to fall and come to support at 1.172. This will be our goal.

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


Thanks for the help
Waiting for rejection at 1.19900 if it does I can ride on ur idea
Lingrid pacifiedMaster66135
@pacifiedMaster66135, many thanks)
how about now?
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