Lingrid

EURAUD FIX in SUPPORT zone and GROWTH

Long
FOREXCOM:EURAUD   Euro / Australischer Dollar
After bouncing off the resistance line at 1.681 - the main channel that has been growing since 2012 - in October 2020, the price has been in a constant decline. At the beginning of March 2021, the price came to the support zone of 1.531. Here the level crosses as well as the support lines of August 2012 and October 2013. I expect that the price will consolidate in the 1.534 zone and start a new rise towards the resistance line 1.611. 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👩‍💻

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