EURUSD start falling in channel
The price is in the process of moving at the intersection of two channels.
The first is the old ascendant educated in 2019.
The second one is younger, from the middle of this summer.
Crossing channel lines (and resistance and support) greatly influence price fluctuations.
It recently bounced off a strong resistance zone (just at the intersection of the lines). And she fell.
However, before reaching the support line, it began to grow again.
I expect that the price will reach the resistance line, touch it but cannot break it (since there is another strong line nearby).
And then she will fall.
The target is the support line. It is the bottom line of the ascending channel.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The first is the old ascendant educated in 2019.
The second one is younger, from the middle of this summer.
Crossing channel lines (and resistance and support) greatly influence price fluctuations.
It recently bounced off a strong resistance zone (just at the intersection of the lines). And she fell.
However, before reaching the support line, it began to grow again.
I expect that the price will reach the resistance line, touch it but cannot break it (since there is another strong line nearby).
And then she will fall.
The target is the support line. It is the bottom line of the ascending channel.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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