EURUSD update idea/ Fall

2021年2月11日

As part of the movement in a long growing channel (since 2019), the price came to the resistance zone.

This zone is formed at the intersection of the upper line of the smaller channel (falling) + the resistance line of December 2019.
The falling channel was also formed in December - within the trend.
Recently, the price bounced off the support 1.195 (the lower line of the rising channel) and came to the resistance at 1.214 (the upper line of the falling channel).
Another resistance line passes right there and I expect a fall.
The target is 1.203.

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