EURUSD fall between strong levels

25 בינו׳ 2021

The price moves between two strong levels (support and resistance).

During the growing channel (2019), the price first broke through the 1.185 support level (in November 2020).
Then - resistance level 1.217 (in December 2020).
The breakout of the resistance was false and the price returned beyond the level.
She made a correction to resistance.
Now the price is at the merged resistance level of 1.217.
After a false breakout, collapse and consolidation at the level, I expect the price to fall.
It will come to the support zone (intersection of the channel line and the level of 1.185).
The target is 1.189.

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