EURUSD FALL after sharp rise
The price of this currency pair has already reached the second growth target, which I spoke about since the beginning of this week.
First, she pushed away from the support zone.
And then it reached the nearest resistance line.
And I expect the price to continue moving up.
What picture do we see on the chart now?
The price continues to grow and it has come to two resistance lines. This is a strong resistance zone and I do not think the price will be able to break it in the end. Therefore, immediately after the price touches this zone, it will stop.
After that, I expect it to turn around and fall again. This time back to a strong support line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
First, she pushed away from the support zone.
And then it reached the nearest resistance line.
And I expect the price to continue moving up.
What picture do we see on the chart now?
The price continues to grow and it has come to two resistance lines. This is a strong resistance zone and I do not think the price will be able to break it in the end. Therefore, immediately after the price touches this zone, it will stop.
After that, I expect it to turn around and fall again. This time back to a strong support line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
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