EURUSD break resistance line and fall to support

11. Dez. 2020

In November 2019, the price began to move in an uptrend (replacing a long decline).
In July 2020, the price broke through the support line at 1.669. This breakdown is the first since 2008.
The line now gives the price very strong support.

This is a very strong support line, which after so many touches gives the price a basis for growth.
The price has already broken through the 1.197 support line.
Therefore, I expect that after a pullback, it will be able to break through the resistance line 1.217 again and rise to the line 1.228.
After that, the price will break the line during the fall and consolidate on it.
And, having received resistance, it will fall to the support line.
The target is 1.204.

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