EURUSD growth in the process of correction

5 Şub 2021

The price continues to move in line with my forecasts.
First, she left the channel, broke through the resistance line and continued to fall.

Then it continued to move in a downward trend.

However, at the moment the price is entering the correction process.
I am updating the forecast.
Yesterday the price bounced off the support at 1.194.

This strong line has been the basis of the correction since 2020.
At the beginning of the week, the price dropped from the resistance at 1.205.
Now the price has come to the support line (spring 2020) 1.194 and pushed off.
I expect the price to rise towards resistance.
The target is 1.205.

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