EURUSD GROWTH after FALSE breakdown

Since the beginning of this week, we have been talking about the fact that after a serious breakdown of the level and the support line in the area of ​​1.221, the eurodollar will continue to grow steadily. Yesterday I predicted that the price would work out a rollback to the line, but the fall turned out to be too strong, the price broke through the resistance line 1.228 and I had to adjust my forecast.

I still expect the price to rise and am convinced that the current small breakout will turn out to be false. Several factors speak in favor of growth. Firstly, the resistance line - and before that: support - that the price broke through, has existed since November 2020, and during all this time the price has not made a single really significant breakdown.

Secondly, with the help of this line support, the price was able to break through the support level of 1.228 - this happened by the end of December. And thirdly, after the breakdown of the level, the price is well entrenched in the support zone - the point of intersection of the level and the line.

Therefore, even now I expect that, despite the false breakout, the price will continue to rise. It will return to the resistance line at 1.230 and rise from it to the next resistance line at 1.242. 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 👩‍💻