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DeGRAM | EURUSD forecast extension / Fall

Short
FOREXCOM:EURUSD   Euro / U.S. Dollar
In the long term, I expect the price to rise.
However, in the near future there should be a fall (correction to growth).
My previous forecast is still valid as the price has returned to the starting position.
I expect that after the growth from the support at 1.171.
And attempts to breakdown resistance 1.202 (September 2020).
The price will fall and consolidate on the line.
After that, it will continue to fall to support (March 2020 + January 2021).
The target is 1.181.

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Comments

I love the way you make predictions! But why should the price fall? I see no resistance that will force the price to do it!
+5 Reply
Excellent friend! I see that you and I are looking in the same direction about this pair! I also expect a fall, since neither in the technical aspect nor in the fundamental there is enough reason for a strong growth of this pair in the near future.
+4 Reply
European stocks traded higher yesterday, recovering from their worst daily losses this year on strong corporate earnings reports that soothed fears of the virus spreading in India.
Today the dollar has strengthened, which will reduce the price.
🐻
+4 Reply
if the ecb pays more attention risks and promises provide increased support in coming months,eurusd risks being under rather prolonged pressure.
+2 Reply
It is above 1.2000 already. so how you see it down ?
+1 Reply
DeGRAM georgefrancis19800
@georgefrancis19800, As I said in the description of the idea, I expect the trend line breakout to be false.
+1 Reply
@DeGRAM, Sorry, but that is just wishing for the future. usually, we trade day today, but not after 2 weeks or more. anyhow thx
+1 Reply
DeGRAM georgefrancis19800
Reply
wow so dumppy
Reply
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