DeGRAM

EURUSD fall in channel

Short
FX:EURUSD   Euro / U.S. Dollar
The price continues to move in a growing channel.
This channel began to form back in November 2019.
After the price came to the resistance line at 1.109, it moved along the line for a while.
Then it collapsed and touched support at 1.078.
In the spring of 2020, the price broke through the support line and moved under it for almost a month.
However, in early summer, she returned to the channel.
In the middle of the channel, as is often the case, a support-resistance line has formed.
The first touch occurred in March 2020.
In November, the price bounced off the support at 1.162.
It broke through the 1.201 line, but after showing growth for several weeks, it fell.
The price came to the line 1.217, where it is now.
I expect the price to fall from the resistance line to support (the lower channel line).
The target is 1.189.

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Comments

Nice mentioning the bullish channel.
Reply
Price listens to the lines of your channel! The upper line strongly pushes the price away!
Reply
DeGRAM Solldy
@Solldy, Right
Reply
The speech of the head of the US Federal Reserve Jerome Powell can affect?
Reply
DeGRAM Lingrid
@Lingrid, Will affect USD
Reply
1.20
Reply
DeGRAM mhdmgk
@mhdmgk, The target is 1.189.
+1 Reply
mhdmgk mhdmgk
So. usdollar is rissing 🤝
Reply
hey bro, can you share why you changed your yesterday idea from growth to decline?
Reply
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