Yesterday we expected the price to drop immediately, but instead the currency pair showed a slight increase, so I improved my chart and update the forecast. The price is now at the 1.196 support line, which has been on the chart since August 2020. The price came to this point by pushing off from the 1.171 support line - this line was formed in March 2020 and is the border of the global ascending channel.
Since the price has such strong global support, and no less strong local support, I expect that now the price will continue to rise and touch the resistance zone 1.208, where the two strong lines of October 2019 and February 2020 intersect. After that, the estimate will turn around and return to support 1.184. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad 👩💻
I understand you are set to fall! The dotted line on March 12 was pushing the price down! Let this be a good hint for us! But I have concerns that the dotted support line could push the price back up! Or will it not happen?
UnknownUnicorn15614419
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Unfortunately, I cannot agree with your prediction right now, friend. I do not think that the price will continue to rise, but I expect it to fall. the channel movement is very strong. Let's wait for the result together.
DeGRAM
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I agree with the price growth and its subsequent fall.
I suppose that the price went up against the background of yesterday's news.
Today I am waiting for information on the dynamics of gasoline reserves from the USA.
TradingAlchemist
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this performance will not pass (performance of baste, member of fomc) without subsequent, think so and i mm sure that im not mistaken
jbsalonga08
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very far from ur 1.17 previous call. ;(
Lingrid
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@jbsalonga08, I did a fundamental analysis, so price will touch the resistance zone 1.20 and then return to support 1.184
SeaStarCanada
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You said its fake breakout so what happened?? !!!! Nobody cant get success with these kinds of analyzing