Despite the strong support line, yesterday the price collapsed to a large volume. Therefore, I have to adjust my forecast. However, despite the price drop, I still expect its new growth in the near future.
The main reason for expecting growth is a rather strong support initiation, in the area of which the price is now. This line has been in existence for over a year, since February 2020. I expect the price to touch this line at 1.193. Then it will rise, break through the resistance level 1.202 and come to the resistance zone 1.205.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
The main reason for expecting growth is a rather strong support initiation, in the area of which the price is now. This line has been in existence for over a year, since February 2020. I expect the price to touch this line at 1.193. Then it will rise, break through the resistance level 1.202 and come to the resistance zone 1.205.
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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