My previous predictions continue to come true. Let me remind you that at first the price rose to the resistance line at 1.198.
Then she pushed off her and began to fall again.
On Friday, we expected a fall and the price indeed, albeit with a correction, dropped towards support.
Today, at the start of a new week, I am updating the long-term forecast. The drop in price we have seen since the beginning of this year is part of the move in the global growth channel since February last year. Now, I expect the price to fall in a small downtrend channel to the 1.186 support line - the target we expected last week.
After that, it will rise to resistance 1.205, work out the correction and come to the resistance zone formed by the falling channel line and the senior resistance line since February 2020. Thus, my final target is the resistance zone 1.215.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
i thought that euro would strengthen, but this did not happen. price dipped but then rebounded. my mood eurusd will go up
UnknownUnicorn15614419
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I definitely like your idea friend! I also noticed that the fall in price started from the strong line border of last February. But for what exact period is this growth calculated? Will the price come to resistance by the end of that week or later?
Solldy
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Since December, the price has been between your support and resistance lines! None of these lines was badly broken! The support line will help UP as you say!
DeGRAM
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I also look forward to a rise in the price in the near future.
Today in the morning a video conference of the Eurogroup, agree that it influenced the price volatility?
Arnoldi1
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The instrument EURUSD is most likely from 1.19125 will rise.
Lingrid
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@Arnoldi1, the price will go up, it can be seen on my idea)
today there will be an update)