DeGRAM

EURUSD fall between strong levels

Short
FX:EURUSD   Euro / U.S. Dollar
The price moves between two strong levels (support and resistance).
During the growing channel (2019), the price first broke through the 1.185 support level (in November 2020).
Then - resistance level 1.217 (in December 2020).
The breakout of the resistance was false and the price returned beyond the level.
She made a correction to resistance.
Now the price is at the merged resistance level of 1.217.
After a false breakout, collapse and consolidation at the level, I expect the price to fall.
It will come to the support zone (intersection of the channel line and the level of 1.185).
The target is 1.189.

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