Lingrid

EURUSD wait a little and open BUY TRADE

Long
FX:EURUSD   Euro / U.S. Dollar
Recently, the euro-dollar market has been very unstable.

We consider the price movement taking into account the influence of the strong line, which has been forming since 2008. And for all this time, the price has never been able to break through this line, although it touched it quite regularly.

However, at the end of July, the line was broken at point 1.152. After that, the price went up, but reversed at the line and the level (at that time - support) dropped to the support line and fixed on it first once, and then after another rise and fall - a second time. Thus, creating the basis for their future growth.

During this strong growth, the price came to the strong resistance line at 1.217. Then it turned around and already shows a small downward movement. Therefore, the first thing I expect in the price action is a fall to the 1.201 support line. After that, I expect the price to bounce off the line and start growing from this line to support level/
And this is a buy signal. SL - 1.185 - along the lower resistance line.

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

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