Lingrid

EURUSD When new GROWTH begins?

Long
FX:EURUSD   Euro / U.S. Dollar
As we remember, in December last year the price broke through the support line at 1.203 and rose to the support zone at 1.216. Thus, she returned to an upward trend that began back in October2019/

During the growth, the price broke through the important resistance level 1.221 and rose to the resistance line. Since the beginning of this year, the price has been moving from level to line, but last week it collapsed from the resistance line 1.233, broke through the level during the fall and returned to the support zone.

This week the price tried to start a new growth, but turned around from the point 1.221 and fell again. The last few days the price has been within the support zone of 1.217. In addition to the zone, there is a strong support line that was formed 2019.

Therefore, despite the false breakout of the line, I expect the price to start a new rise from the zone and come to the resistance level. Thus, the final target that I expect is the resistance level of 1.221.

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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