EURUSD complete growth and FALL

8 feb 2021

Let's remember that at the beginning of last week, we expected the price to fall to the support line, taking into account the correction during the movement. As you can see, the price really fell and is now in the process of correction.

After breaking through the resistance zone 1.205, the price collapsed and touched the 1.195 support line. after which it showed a strong growth from this line. Thus, ideally fulfilling the goal that I spoke about in my last forecast.

Now I expect the price to continue to rise and touch the resistance zone at 1.211. In this zone, two resistance lines intersect. The youngest of them was educated in December 2020, the oldest in August of the same year. Together they give strong resistance and I expect that from this point the price will collapse towards the support line. My final target is the 1.198 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 👩‍💻