EURUSD near STRONG RESISTANCE, will FALL

23 Nov 2020

At the end of last week, the price approached the zone of strong resistance.
Here, firstly, pass the level from September 2020. Secondly, there are several resistance lines. Together, this gives a good zone at 1.187.



Over the past week, the price touched the level three times - all this is due to the influence of the nearby line.

All these movements can be regarded as a good correction, since the price has not been able to break through the growth resistance zone during this time.

And right now, we see again that the price came to the resistance zone and touched it.

Therefore, now I expect that after the last touch it will reverse in a downtrend and fall. And since the zone is strong and the price has been within it for a long time, I expect that it will be able to break through the support level 1.181 and fall to the support level 1.169.

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