EURUSD 01 03 2021
The price dropped from a strong resistance zone, The 10 hour TF shows that the price has been in a strong growing channel for a long time -
Falling the price approached its middle near the support level of 1.2014, after which it made several bounces and corrections.
Now the price is again at the level in the support zone where the level crosses the line of February 2020. I expect that the price will go down to the support zone, bounce off its lower border at 1.196, after which it will start a new growth and reach the resistance line at 1.258.
Caution long term
The price dropped from a strong resistance zone, The 10 hour TF shows that the price has been in a strong growing channel for a long time -
Falling the price approached its middle near the support level of 1.2014, after which it made several bounces and corrections.
Now the price is again at the level in the support zone where the level crosses the line of February 2020. I expect that the price will go down to the support zone, bounce off its lower border at 1.196, after which it will start a new growth and reach the resistance line at 1.258.
Caution long term