EURUSD stop growth and fall to support line

2020년 12월 2일

During a sharp growth spurt, price was able to break through the 1.192 support line.
Then he returned to her, consolidated.
And once again it rapidly rose to the resistance line of 1.208.
This line has been on the chart since October 2019 and provides strong resistance, preventing the price from moving higher.

Pus needs to take into account the recent spikes in growth.
Strong and sharp price increases are always short-lived.
Therefore, in the near future the price will roll back and fall.
Already within this trading day, the beginning of the fall is visible.
I expect the price to continue to fall. Perhaps it will make one more correction.
And it will still fall to the support line.
The target is 1.191.

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