EURUSD false break / Fall

23 בפבר׳ 2021

Yesterday the price rose sharply and broke through the resistance at 1.215.
However, I am convinced that this is a false breakout.
Since this is a strong resistance zone: channel resistance (December 2020) + resistance line (2019).
The price has already reversed.
Now it is within the resistance zone 1.215.
I expect the price to fall from this zone.
She will come to the line of support (historically strong level).
The target is 1.206.

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