EURUSD good SUPPORT for GROWTH

2020年11月4日

So, the price continues to move along the target that we talked about yesterday.

Namely:
After the price approached the strong support line and already pushed off from it, the growth began.
It is important to remember that this support line was formed in 2008, which provides a very solid foundation for growth.



On a smaller timeframe, we can see that the price has already touched this line twice over the last day. It bounced off it, rallied, rolled back and now rallies again - this is a very good correction and price consolidation.



And this is another reason why I expect the price to continue to rise. I think that with such strong support and correction, the price will break the nearest resistance level. Thus, I expect the final target to be the resistance line.

Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻