EURUSD sharp rise, fall and return to the canal

2020년 12월 16일

Since October, the price has been moving in an upward trend.
In early December, the price touched the resistance line 1.217 and formed a small channel.
With a slight downward slope.
You can take it for such an implicit correction to a long rise.
However, today the price has broken through the resistance line (upper channel line) at 1.216.
And it rose to the resistance line 1.221. This is the line from October this year.

The price was unable to break through this line and has already started to fall.
In my opinion, the fall will stop only in the support zone (intersection of two support lines).
The target is 1.206.

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