Let me remind you how the price movement developed this week. She moved in accordance with my predictions. First of all, the price bounced off the 1.170 support and showed strong growth.
Then it continued to rise in the direction of resistance.
And yesterday it came a little closer to the intermediate price.
The basis of such growth is the support zone 1.170, created at the intersection of the support lines of September and July 2020. I expect that the price will complete the rally and touch the 1.199 resistance, after which it will reverse and fall. Falling, taking into account the correction, the price will return to the support 1.174. This will be our goal.
Traders, if you liked this idea or have your own opinion about it, write in the comments. I will be glad 👩💻