Lingrid

EURUSD completion of CORRECTION. Next - FALL

Short
FX:EURUSD   Euro / U.S. Dollar
Despite the fact that during this day the price showed a slight increase, I extend my previous forecast and continue to expect a fall. Since after this growth, the price returned to its previous positions, which can be regarded as a corrective movement - taking into account the previous fall.

Nevertheless, the price has already broken through the 1.211 resistance line and practically left the 1.210 resistance zone. Now this line and zone act as strong resistance for the price. Especially the line since it was formed in September 2020.

Given that the price of the pair is in a downtrend that began in December last year, we can confidently expect the price to continue falling and come to the lower trend line. Thus, the final target I expect 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 👩‍💻

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