EURUSD fall in channel

14 Oca 2021

The price continues to move in a growing channel.
This channel began to form back in November 2019.
After the price came to the resistance line at 1.109, it moved along the line for a while.
Then it collapsed and touched support at 1.078.
In the spring of 2020, the price broke through the support line and moved under it for almost a month.
However, in early summer, she returned to the channel.
In the middle of the channel, as is often the case, a support-resistance line has formed.
The first touch occurred in March 2020.
In November, the price bounced off the support at 1.162.
It broke through the 1.201 line, but after showing growth for several weeks, it fell.
The price came to the line 1.217, where it is now.
I expect the price to fall from the resistance line to support (the lower channel line).
The target is 1.189.

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