Lingrid

EURUSD CORRECTION to RESISTANCE line and FALL

Short
OANDA:EURUSD   Euro / U.S. Dollar
Since November 2019, the price has been moving in a global uptrend. At the same time, since the beginning of 2021, the price bounced off the upper trend line - resistance 1.237 and, having formed a channel, fell to the lower support line 1.170. It was from this line that a new rise in prices began in early April.

However, there are several additional lines inside the main trend that correct the price movement. These are the two resistance lines of February 2020 and September 2019. After the price rally from the 1.170 support, it came to the resistance line at 1.209. And it has been at this line since the beginning of the week. During yesterday's day, the price dropped minimally, but again rolled back to the line. I believe that after the second touchdown, the price will collapse and come to the 1.181 support line. This will be our goal.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻

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