Over the past months, the price has been moving between these lines, also forming a support-resistance zone between them around 126. 05 .
In early January, the price collapsed from the resistance line 127. 05 , broke through the zone and came
and to line 125.11. She pushed off the line, touched the zone and fell again. Now this movement was repeated. The price has risen again from the line to the zone and is in the area of 126. 05 .
The first thing I expect from the price is that it will fall back to the support line. Our final target is thus the support line at 125.39.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻