Lingrid

EURUSD FALL after the second correction

Short
FX:EURUSD   Euro / U.S. Dollar
We continue to observe the second stage of price movement in accordance with my forecasts from the beginning of this week.
Let me remind you that the first thing the price broke through the resistance line at 1.215, during the fall from the strong level of 1.121. However, having dropped behind the line, the price stopped and reversed in order to work out the correction and fix on it.


Then it completed the correction and touched the resistance line at 1.217, after which I expected the fall to continue.


And so it happened - the price bounced off the line and started moving down.


At this point, I have to adjust my forecast, because after the start of the fall from the resistance line, the price reversed in another correction. However, I continue to expect a fall.
The price will touch the resistance line again at the point 1.216, after which it will fall to the support line. The target is thus the 1.192 support line.

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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Comments

Oh God! This stupid pair has to go down... otherwise my account will not be saved.
Reply
Meysamforex88 famousIguana76371
@famousIguana76371, I HOPE SO TOO
Reply
Nice Analysis,i have the same but with the recent Stimulus talk, the price might change direction. but great analysis
Reply
The resistance line will help the price fall!
Reply
Lingrid Solldy
@Solldy, 👌
Reply
Super!
Reply
Lingrid Henry_Ross
@Henry_Ross, thank you)
Reply
looks more like eur just got started to me, not with you this time
Reply
Lingrid MrKrft
@MrKrft, 🤔
Reply
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