EURUSD FALLS in channel
At the end of July, the price broke through the strong support line that was formed back in 2017 and fixed on it.
And now the price is in the upward channel formed by the lines since July 2020.
Recently, the price touched the resistance line and started to fall. I expect it to continue falling as the price has already broken through the resistance zone.
Thus, I expect the price to come to a strong support zone at the intersection of the line and the support level 1.176
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
And now the price is in the upward channel formed by the lines since July 2020.
Recently, the price touched the resistance line and started to fall. I expect it to continue falling as the price has already broken through the resistance zone.
Thus, I expect the price to come to a strong support zone at the intersection of the line and the support level 1.176
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
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