DeGRAM | EURUSD downtrend formation

2021年5月12日

As I said from the beginning of the week, the price continues to fall slightly from the resistance of 1.218.
May 10

May 11

After touching the resistance line 1.218 earlier this week, the price stopped.
Then it turned around and for the last two days shows a slight downward movement.
I continue to expect a drop as the price made a double touch at the resistance of 1.218.
This line was formed in February 2020 and is a correction zone (there were only three breakouts).
The target is 1.187.

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