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UnknownUnicorn15614419
Apr 7, 2021 6:28 AM

EURUSD: fifth touch of the resistance line. Breakout or fall? Short

EUR/USDOANDA

Description

The Eurodollar has perfectly worked out the growth to the resistance line of 1.187 and is now at the upper border of the falling channel (January 2021 - present). This is the fifth touch of the resistance line in the channel, and after each of them the price fell. The fall can be expected even now. The price may go down to the 1.173 support, this is the correction line in the middle of the channel.
SL - 1.193.

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Thanks for the likes and comments.
Comments
StevesTradingV
Great insights as always, mate ;)
Henry_Ross
Very detailed analysis. Thanks
Mihai_Iacob
Yeah...i m also bullish usd
KlejdiCuni
Same bias for this one. Let's see if it works.
UnknownUnicorn15614419
@KlejdiCuni, Let's see))
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