Lingrid

EURUSD extension long-term forecast for GROWTH

Panjang
FOREXCOM:EURUSD   Euro / Dolar A.S.
After a slight correction and consolidation in the support point, the price began to grow actively.
Let me remind you that at first we expected the price to start rising from the support zone at 1.169.


Then they talked about the continuation of growth through the correction.

And yesterday, after the completion of the correction, the growth forecast was extended.

Let me remind you that the price has been falling since the beginning of the year, having reversed at a maximum since 2018, point 1.234. After that, it was able to break through the 1.198 resistance zone, which was formed by the channel since July 2020. And, having consolidated in the zone, it fell to the support of 1.169. I now expect the strongest growth since the beginning of this year. I expect that from the support at 1.169 the price will be able to return to the resistance at 1.197. This will be our goal.

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

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