Lingrid

EURUSD moves in RESISTANCE zone. Next - FALL

Short
FX:EURUSD   Euro / U.S. Dollar
We continue to observe the behavior of the price of this currency pair. And for the third day, it cannot leave the resistance zone 1.217, which it entered after a strong growth from the support level. Let me remind you that at this point, in addition to the zone itself, there is also a strong resistance line for August 2020.

This price behavior may be related to economic news and new support injections into the US economy. However, even taking into account the information agenda, I doubt that the price will be able to rise. As well as yesterday, I expect that the price will leave the resistance zone and fall to the level of 1.202. This will be our goal.

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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