EURUSD correction to resistance/ Fall

2021年1月22日

In November 2019, the price began to rise in the channel.
In March 2020, an additional resistance line formed in the middle of the channel.
In November, the price broke this line around 1.202.
For two months, the price moved above this line.
Then several trades passed within the line, after which the price broke through it and fell.
After a short fall, the price reversed in a correction.
After breaking through the resistance at 1.202 and correcting, the price touched the line again in the area of 1.218.
After the correction, I expect the price to fall to the lower channel line (support).
The target is 1.193.

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