As I said yesterday, the price started a downward movement after a short time in the resistance zone of 1.216.
Let me remind you that this is a strong resistance zone, which formed at the intersection of the resistance line in July 2020 and a small zone since December 2021. The price rose to this zone from the support level of 1.202. And now I expect that in the near future it will leave the zone and again descend to this level. So my final goal is 1.20 support.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Let me remind you that this is a strong resistance zone, which formed at the intersection of the resistance line in July 2020 and a small zone since December 2021. The price rose to this zone from the support level of 1.202. And now I expect that in the near future it will leave the zone and again descend to this level. So my final goal is 1.20 support.
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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