DeGRAM

EURUSD growth in crossing channels

Long
FX:EURUSD   Euro / U.S. Dollar
The price is holding in the support zone that I talked about yesterday.
I am still waiting for growth.
But I'm updating the idea.
Since January, the price has been moving in the area of intersection of two channels:
Growing - from September 2020
Falling - from December 2020
Falling in the channel, the price broke through the resistance level of 1.206.
I expect that it will break through the line of the rising channel 1.202.
Then it touches the line of the falling channel 1.199.
And will rise again to resistance
The goal is 1.212.

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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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Comments

if I want to buy, then eurusd should reach falling channel line? can i have before?
+3 Reply
DeGRAM TradingAlchemist
@TradingAlchemist, In any case, you need to wait for a rebound from support.
Reply
after the speech of the head of the US Federal Reserve, Mr. Powell, we will not have to update the idea?
+3 Reply
DeGRAM Lingrid
@Lingrid, Since there is other news, I think it will make sense to correct it.

But I am confident in my prediction.
Reply
I noticed how the price listens to the channel line on which it is now! Why can't we stay here?
+2 Reply
DeGRAM Solldy
@Solldy, Because there are stronger lines.
Reply
Thanks for your detailed analysis! Is there no chance that the price can start rising from the line of the falling channel?
+1 Reply
DeGRAM TradingStat
@TradingStat, I think about falling because the growing channel is stronger.
Reply
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