EURUSD grow from support
The price continues to rise in the smaller channel (formed in November 2020).
Yesterday it rolled back to the support line 1.226 (the lower channel line).
However, globally, the price keeps the growing trend.
It is close to the resistance line.
This line is the top line of the long ascending channel.
The channel was formed in early 2020.
A price rise in a smaller channel is a rise from the support line at 1.161.
After the price touched the 1.226 support line and consolidated on it, it will continue to rise.
I expect the price to rise to the resistance line (the upper line of the older channel).
Target - 1.242
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Yesterday it rolled back to the support line 1.226 (the lower channel line).
However, globally, the price keeps the growing trend.
It is close to the resistance line.
This line is the top line of the long ascending channel.
The channel was formed in early 2020.
A price rise in a smaller channel is a rise from the support line at 1.161.
After the price touched the 1.226 support line and consolidated on it, it will continue to rise.
I expect the price to rise to the resistance line (the upper line of the older channel).
Target - 1.242
---------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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