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DeGRAM
Jul 15, 2021 9:47 AM

DeGRAM | EURUSD long Long

Euro Fx/U.S. DollarFXCM

Description

The currency pair is trading in the support zone of the price channel .
The trend support is strong enough, the last three tests were rejected by the rebound.
Now, on retest, the price rolls back to the nearest resistance, upon breakdown of which and consolidation above this level of 1.1842, it activates purchases.
The key point to which the price can reach, if the trend does not break - resistance 1.217

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