#EURUSD 21 04 2021
Let me remind you that since the beginning of this week, we expected the price to stop rising, its reversal from the resistance line and the beginning of a fall.
First, the price came to the resistance line at 1.205. Then she began to fall. During the growth, the price was also able to make a small false breakout of the 1.200 resistance zone formed at the intersection of the local level and the September 2020 line. However, it is already clear that the scene turned around and fell back to the zone. So now I expect the price to be able to break through this zone and return to the growing channel. I expect that after the breakdown of the 1.198 line, the price will continue to fall and come to the 1.175 support line. This will be our goal.
Let me remind you that since the beginning of this week, we expected the price to stop rising, its reversal from the resistance line and the beginning of a fall.
First, the price came to the resistance line at 1.205. Then she began to fall. During the growth, the price was also able to make a small false breakout of the 1.200 resistance zone formed at the intersection of the local level and the September 2020 line. However, it is already clear that the scene turned around and fell back to the zone. So now I expect the price to be able to break through this zone and return to the growing channel. I expect that after the breakdown of the 1.198 line, the price will continue to fall and come to the 1.175 support line. This will be our goal.