EURUSD will touch RESISTANCE line and FALL

٢٥ نوفمبر ٢٠٢٠

In July of this year, the price was able to break through a strong resistance line and for several months moved above it. However, at the end of September the price dropped and returned to the perdels of the line.

Where it got into the channel, it moved between the support and resistance lines.
As we can see on the older TF - despite the fact that both of these lines are strong - in 2019, only this fall the price fully moved in the channel.



It recently managed to break through the 1.188 level and is now on its way to the resistance line.
I expect her to touch this line, but will not be able to pierce it. And after that it will go down to the level again. Target - support level 1.188.

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