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Lingrid
Feb 26, 2021 8:19 AM

EURUSD finally started FALLING to support area Short

Euro Fx/U.S. DollarFXCM

Description

To begin with, let me remind you that starting from Wednesday we expected the price to fall from a strong resistance zone. But for the last three days, the price has been in this zone, moving with minimal breakouts either in the process of growth or in the process of falling. Yesterday, after another breakdown of the resistance zone, when the price rose to position 1.220, it finally fell and returned to the resistance zone 1.215.

At the beginning of today's trading day, it became clear that the price continues to fall and I continue my previous forecasts. Just like last time, I expect the price to fall from the foxed resistance zone to the support zone of 1.202.

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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