The price is moving as I said yesterday. Namely: after the breakdown of the support level 1.206, it continued to grow. Today the price approached the resistance (the upper line of the falling channel in December 2020). There is also the December 2019 resistance line. I expect that: The price will touch the resistance zone at 1.215. Then it will drop to the support level. The target is 1.206.
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I appreciate your concise and clear forecasting style, friend. I am wondering how the Greek question will end for the euro and how it will affect the pair as a whole.
DeGRAM
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@TradingStat, Thanks for the words bro.
I also follow this conflict. There is a possibility that he will weaken the pair, but let's not rush.
From February 9, the price started listening to the resistance line! It is obvious that the price will start falling down! The resistance line will help it!
DeGRAM
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@Solldy, Yes, you are thinking in the right direction.
The basis of the fall is the resistance line + the channel line.