Post
· Views 1,329
Hi guys. For the EUR/USD pair, the price is in the process of moving at the intersection of two channels. It recently bounced off a strong resistance zone (just at the intersection of the lines). And it fell. However, before reaching the support line, it began to grow again. I expect that the price will reach the resistance line, touch it but cannot break it (since there is another strong line nearby). And then going downtrend.

Edited 16 Nov 2020, 19:16

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

avatar

Hot

No comment on record. Start new comment.