EURUSD come to support. Starts grow

2021年1月12日

The price came to the support line.
This is a strong line formed in the fall of 2020.
The only breakdown of the line occurred at the beginning of December in the area of 1.200.
After that, the price moved above the line in an upward channel (started in October 2020).
At the end of last week the price broke through the resistance line 1.226 (the lower channel line).
During the fall, it came to the support line at 1.214 and has been moving along it for the last two days.
I expect the price to bounce off the line and rise towards resistance (the lower channel line).
The target is 1.233.

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