EURUSD continues FALLING from RESISTANCE

8 Dis 2020

The price of the euro-dollar continues to move according to the target that we set in the previous forecast - namely, to fall from the strong resistance line at 1.217.

The movement is rather slow. However, there is every reason to believe that it will continue in the near future. What are the reasons?
Firstly, the resistance line from which the price pushed off is very strong. Not only was the first touch in 2019, but since then the price has never been able to break through this line.

Secondly, during the last month - from the beginning of November - the price was in a local upward trend. Such a long and moderate growth cannot continue all the time. What we see is that the price has already reversed.

So now I expect the price to continue to fall. And in the fall it will reach the support line. The target in this case is the support line around 1.199.

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