EURUSD long-term forecast for GROWTH

1 mar 2021

The price began to fall from a strong resistance zone, as I said in my previous forecast. Now is the time to update the forecast.

The 10 hour TF shows that the price has been in a strong growing channel for a long time - since March 2020. Falling in the channel, the price approached its middle near the support level of 1.2013, after which it made several bounces and corrections. Now the price is again at the level in the support zone where the level crosses the line of February 2020.

I expect that the price will go down to the support zone, bounce off its lower border at 1.193, after which it will start a new growth and reach the resistance line at 1.258. Be careful - this is a long-term forecast!

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻