EURUSD FIX in SUPPORT zone. Next - GROWTH

9 Mar 2021

Let me remind you that in my last forecast, I expected a fall and an increase in prices at the intersection of two channels. global - from the beginning of 2020 and a smaller descending one from December. The price really went down to the lower border of the channel and broke through it.

However, now it has come to a strong support zone, which is formed at the intersection of the channel line, the support level and the August 2019 line. I expect the price to bounce off this zone. Will break the nearest resistance at 1.189. Then it will rise to the resistance line 1.201. This will be our goal.

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