EURUSD Approaching To The Resistance Level

After a good rise, price is approaching to the resistance level at 1.21

CCI is in the overbought area and there is a divergence between the indicator’s peaks and the price peaks: although price has made higher highs, CCI has made lower highs.

IF price got rejected by the resistance level and supply exceeds demand, I expect a fall in price to the support level at 1.20000 - 1.19900 and IF we saw a downside breakout on this level we can expect more fall to 1.195 as the second target.

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