EURUSD continues to GROW from a strong SUPPORT zone

After a prolonged fall, which lasted until the beginning of March, the price came to a strong support zone of 1.183. In which three support lines intersect at once: the 2019 line level and the 2020 line.

After a rebound from the zone, the price followed the falling channel that has existed since December 2020. It fixed itself on the channel support line and began to grow.

I expect the price to continue to rise for several reasons. Firstly, this is a strong support zone, secondly, how the price fixed on it after the breakout, and thirdly, the price has been falling for almost two weeks, it needs a correction. Thus, my final target is the 1.200 resistance line.

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