EURUSD touch SUPPORT zone and GROW

12 בינו׳ 2021

The currency pair is moving slowly according to our goals. Let me remind you that at first the price collapsed, breaking through the resistance level of 1.221.

And then it dropped from the level to the support zone 1.215.

This support area is formed by the line that formed in November 2019 when the price started to fall after touching the resistance line at 1.116.

The last time the price broke through this line was in December 2020 at point 1.207, after which it rose. Now you can see how, once in the support zone, the price bounced off the 1.213 line, then fixed on it by means of a rollback and began to grow again. This series of movements suggests that the price is ready for a new rise from the support zone.

Therefore, I am confident that the price will continue to rise and come to the resistance level of 1.221. This will be our goal.

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