Let me remind you that after the correction the price came to the resistance line 1.217. And then the fall began. Now the price is at the resistance line 1.217 after a small downward movement and I extend the forecast for the fall. After the breakdown of the growing channel at point 1.202 and a good consolidation on its line, the price rose to the resistance line 1.217 and touched it twice, fixing on the line. Now I expect a fall back to the channel border - the support line 1.203. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Your forecast with this channel will be very difficult for me. It can be seen that the resistance line is quite strong and is based on the correction zone. How long do you think this fall will take? Will the price be able to return to the channel?
TradingAlchemist
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this is a very good job my dear, eurusd pair is now under pressure due to growing demand for safe dollar. i use sl -1.22
DeGRAM
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I support the idea of falling.
Moreover, information about the inflation rate from the USA has appeared today.
The actual result was higher than forecasted. Do you think in the long term it will support the fall of the asset?
Solldy
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I noticed what important jolts the resistance line makes! I have no doubt that the price will go as you say! It seems to me that the price is starting to return to your channel! This will be possible?
Deringer
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As I said. 1.10 by August
Lingrid
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@Deringer, thanks for your thoughts)
the price is going down, there will be an update today)
YouCannotBeSerious
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Hi Lingrid. You currently expect EUR to go up against AUD, AUD to go up against USD, but EUR to fall versus USD. I don’t think all 3 can be correct...?
Lingrid
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@YouCannotBeSerious, it is very good that you are using fundamental analysis
time will tell where the price will go)
FOREXN1
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We have collect good money today , right Darling ? <3