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Lingrid
May 12, 2021 9:03 AM

EURUSD extension of FALL forecast Short

Euro / U.S. DollarFOREX.com

Description

Let me remind you that after the correction the price came to the resistance line 1.217.

And then the fall began.

Now the price is at the resistance line 1.217 after a small downward movement and I extend the forecast for the fall.
After the breakdown of the growing channel at point 1.202 and a good consolidation on its line, the price rose to the resistance line 1.217 and touched it twice, fixing on the line. Now I expect a fall back to the channel border - the support line 1.203. 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👩‍💻
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