Yesterday the price started to fall, as we expected. But I made a small correction. Today I look forward to continuing the fall. In April, the price rose from the 1.168 support (the main turn line in March 2020) to the resistance of 1.215 The price reversed and started to fall. I expect the fall to continue. The main reasons for this are: - breakdown of the support at 1.197 (slowdown in price). - strong resistance line of February 2020. The target is 1.186.
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The price has pulled back from recent highs, succumbing to the strengthening of the dollar.
I think that the decline may continue in the near future amid the cautious mood of the markets, concerned about the heterogeneity of the economic recovery.
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TradingAlchemist
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i consider current price dynamics as part of consolidation. positive phase of euro has exhausted itself and now the short-term sentiment in the pair is downward
UnknownUnicorn15614419
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Yes, it would be strange to expect a strong price collapse without a single correction - remember only how it grew and how many rollbacks it made. Therefore, I also think that the price will continue to fall after the correction. but would like to know which SL are you counting on?
Solldy
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On April 16, there was a strong price consolidation on the resistance line! This will be a good push for prices to fall! And now there are influential factors for the growth of the dollar! I think the price will drop to1.179!
I think that the decline may continue in the near future amid the cautious mood of the markets, concerned about the heterogeneity of the economic recovery.
🤔