EURUSD will continue to fall
After a sharp fall and breaking through two resistance lines, the price fixed on one of them.
We keep the direction of the previous trade and expect a fall.
The weekly chart shows that this is a very strong resistance.
In July, the price already managed to break through these lines during a strong growth.
Now it happened in a downtrend.
And the fact that the price was able to break through this zone, as well as adjust to the line, may indicate the beginning of an imminent fall.
This is a good sell signal for us.
I expect the price to fall towards the historically strong support line - TP.
SL - resistance zone in the area of two lines.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
We keep the direction of the previous trade and expect a fall.
The weekly chart shows that this is a very strong resistance.
In July, the price already managed to break through these lines during a strong growth.
Now it happened in a downtrend.
And the fact that the price was able to break through this zone, as well as adjust to the line, may indicate the beginning of an imminent fall.
This is a good sell signal for us.
I expect the price to fall towards the historically strong support line - TP.
SL - resistance zone in the area of two lines.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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