In my long-term forecast, I said that the price is heading towards resistance. Then we moved to the near term and predicted an increase to local resistance, and then a fall. The price really rose to the resistance of 1.192 and is standing at this line. After bouncing from the 1.173 support, the price rose to the resistance at 1.192. She has been standing at this line for the last 24 hours. However, this is a strong trendline for January 2021. I expect the price to fall towards support. The target is 1.177.
-------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Excellent friend! I also expect the price to drop from this resistance. However, I believe that the price is capable of falling even lower, to the support level of 1.162. what do you think?
VIP_Trading_Technologies
⋅
@TradingStat I agree with your idea.
VIP_Trading_Technologies
⋅
@TradingStat,
Lingrid
⋅
Viral and financial troubles in Europe and profit-taking on Wall Street could trigger a decline.
🐻
TradingAlchemist
⋅
meetings of international monetary fund made their corporations. but i noticed that this week was rather condescending to traders
Solldy
⋅
I've noticed that since March 2nd, the price is bouncing off your dotted top line! This gives me strength and faith that everything will go in your direction!
Helical_Trades
⋅
Good one mate
SignalProvider
⋅
My technical analysis shows that you are correct!
Well done
SignalProvider
⋅
I always appreaciate your input on EURUSD
quality stuff!