EURUSD continue falling in descending wave

2020年11月19日

As I said last time:
After the growth wave

the price starts to fall

It recently touched the resistance line (aka the upper channel line, which has existed since July 2020) at 1.189.
And this was the impetus for the start of the fall.
The fall is natural, as at the beginning of the month the price bounced off the strong support line at 1.161 and rose very strongly (and sharply).
Globally, I still expect the price to gradually decline to the 1.151 support level.
But it will be a very long and difficult fall.
So for now, I'm waiting for an intermediate goal.
I believe that in the near future the price will fall to the nearest support line at 1.175.

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