In early January, the price came to the resistance line and bounced off it at the point 1.233. During the fall, the price was able to break through the 1.221, and then the resistance line 1.214.
It is important to note that the to which the price corrected during the fall exists on the chart from the very beginning of the movement of the currency pair. The fact that the price fell from him is expected. I also expect the price to continue falling and eventually come to the bottom of the channel. But first, the price will correct to the resistance line 1.218. And then it will continue to fall. Thus, I expect the final target - the 1.194 support line.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
🏆TOP Broker: https://lingridedu.com/brokerFXPro
💲Forex signals: https://lingridedu.com/telegram