Lingrid

EURUSD new GROWTH from strong SUPPORT zone

Long
FX:EURUSD   Euro / U.S. Dollar
My yesterday's forecast is still valid, the price is on the position.

In July last year, the price of this currency pair was able to break through the strong support line of October 2019 at 1.144, which ultimately gave the price an impulse for strong growth. In the course of this rally, the price reached its highest since 2019 - 1.234. After that, Yu began to fall, retracing the descending channel.

Now the price is at the lower border of this channel - the 1.170 support line. In the same area, it is crossed by a strong support level and the October 2019 support line. I expect the price to bounce from this zone and rise to the resistance line at 1.192.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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