EURUSD collapse to support

Last summer, the price broke through the strong 1.164 support line and began to form a growing channel.
In autumn, it left the channel, breaking through the resistance line at 1.176.
But at the end of the year it grew again and for the last month it grew in the channel.
In early January, the currency pair came to the resistance line (the upper line of the growing channel) at the point 1.234.
And then it collapsed.
During the fall, the price first broke through the lower channel line.
And then the resistance line at 1.214.
And now it continues to fall.
I expect that the decline will continue and the price will come to the support line.
The target is 1.194.

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