Lingrid

EURUSD FALL and BREAK support zone

Short
FX:EURUSD   Euro / U.S. Dollar
So. Despite the fact that for almost the entire week we watched the price follow my forecasts and increase, the trend has changed over the past few days and the pair began to fall.

Therefore, I have adjusted my technical analysis to make my predictions even more accurate, despite the volatile situation. As you can see now, the Eurodollar has been in an upward channel since December last year.

During the growth, it has already broken through the support zone of 1.217 and the strong level of 1.221. The pair continued to move above the level in recent weeks, but a couple of days ago it touched the resistance line at 1.234 and fell. During the fall, the price tried to correct, and nevertheless came to the support level 1.221.

The day before yesterday, it bounced off the level in a slight increase, however, I expect that this is just a correction to the fall. So now I expect the price to fall again, break through the level and come to the support zone 1.217.

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

I disagree with you. It haa made a fake breakout, also my strategy clarifies me it will still increase.
Reply
Lingrid GijsVanderPol
Reply
xmsmgwenya GijsVanderPol
@GijsVanderPol, Is that so?
Reply
The market is definitely getting weak! I believe it will fall down soon! Let's see the next movement :) have a good weekend!
Reply
Lingrid FXtrades-gp
@FXtrades-gp, thanks a lot)
Reply
Should level and line give a lot of strength to price?
Reply
Lingrid Solldy
@Solldy, not much to go up
Reply
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