Let me remind you how the price movement developed this week. She moved in accordance with my predictions. First of all, the price bounced off the 1.170 support and showed strong growth.
Then it continued to rise in the direction of resistance.
And yesterday it came a little closer to the intermediate price.
The basis of such growth is the support zone 1.170, created at the intersection of the support lines of September and July 2020. I expect that the price will complete the rally and touch the 1.199 resistance, after which it will reverse and fall. Falling, taking into account the correction, the price will return to the support 1.174. This will be our goal.
Traders, if you liked this idea or have your own opinion about it, write in the comments. I will be glad 👩💻
Noticed that in mid-March, the price bounced off the upper channel line perfectly! But it struck me how the price was breaking through this line! There is no trust in the line! What SL should I take to sell? Thank you for your work and skills!
A49ER
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@Solldy, I think for the SL 1.12114 is a logical one.
TradingAlchemist
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dollar is experiencing global pressure. it retreated 1.3% to basket of six most popular currencies due to gaining purchases on debt markets and unexpectedly strong macroeconomic data from the eu.
UnknownUnicorn15614419
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Despite the small breakdown of the channel line, I still think that the price will fall immediately from the resistance and will not grow further. I'm looking forward to next week to see which of us was right, friend)
SeaStarCanada
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Each time you draw a shape !!!
SignalProvider
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I always appreaciate your input on EURUSD
Well done!
AllMarketTrader
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Correct According to me!!
DeGRAM
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I cannot agree with the preliminary growth of the price, as I expect that it will begin to fall from the resistance immediately.
However, on Monday we are expecting a monthly budget report from the US, perhaps this will change the balance of power.
atabakfaraji
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Hi. I am in a long position for now, where is the best region or point for putting stop-loss that really shows the changing of the trend?