EURUSD finished strong growth. Then - falling

9 בנוב׳ 2020

The past week has really been wild.
But I can congratulate us - the elections are over.
Now, I hope, the dollar pairs market will become a little calmer and more predictable.
But back to today's forecast.
At the beginning of last week after the fall, the pair came to the support line and from that moment began to grow strongly.
During the week of growth, it broke through several support lines at once.
Now the price has stopped at the resistance line.
At the same time, this line is also the border of the channel (stretching from July).

I expect the price to fall from this line.
There is a support line in the middle of the channel.
But the fact that before that the price showed strong growth indicates that it will be able to break this line.
The target is the support line (aka the lower channel line).

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