We continue to expect the price to rise along with my yesterday's forecast.
Let me remind you that we are considering price movement in a downward channel since November 2020. The other day the price reached the lower border of this channel, and then bounced off the 1.184 support zone. After that, the price pushed off the support and started to grow.
It returned to the channel and is now fixed on the 1.188 support line. I expect the price to rise from this point to the resistance line at 1.201.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
I noticed that the price is listening to the lower channel line! I agree it's time for profitable UP!📈
TradingAlchemist
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euro is restored due to economical and news of vaccines. ready buy
UnknownUnicorn15614419
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Thanks for your hard work! I'm worried about this support area. It seems to me that the price can go down to the lower line again and only after that start to rise.
Will you wait for the US core inflation report?
An important indicator for the dollar.