EURUSD FIXATION and FALL

2021年1月22日

The price continues to move according to my forecast, which I corrected yesterday.

Let me remind you that after falling from the resistance line 1.232, the price broke through the level 1.221 and the resistance line 1.214. However, having dropped minimally from the line, the price returned and fixed on it in the area of ​​1.215. And then it worked out the second correction and touched the line again at point 1.217.

However, as before, I continue to expect that after these two corrections the price will fall and come to the support line. The main reason for the fall is the very strong resistance line, which was formed in 2019. Its breakout is already a good signal for a fall, but two fixations only strengthen it.

Thus, I expect the price to come to the 1.190 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 👩‍💻