RLinda

EURUSD ! Medium Term

Short
FX:EURUSD   Euro / U.S. Dollar
So. After falling to 1.05100 in 2015, a wide trading range is formed between 1.1468 and 1.0510. There were two attempts to break up and the desire of the players to restore the asset, but the price was always returned back.

On the second breakout attempt, the price failed to reach the price high of 2018, the zone of limit orders did not allow,
the price was returned to the range again.

A new fall is formed and the price tends without particularly long stops from the level of 1.1468 to 1.051, and after falling and testing the support of 1.051, the price does not roll back up, which would be logical to expect.

I suppose: since a local base (consolidation) is formed after a strong fall,
then most likely after this accumulation the price will continue its fall. In the near future, I expect a breakdown of the price level of 1.051 and a price drop to the liquidity zone. In the medium term, I am interested in the support level of 1.0146

Sincerely, R. Linda!

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