EURUSD expect FALL from RESISTANCE zone

2021年2月16日

The price continues to stand in the resistance zone of 1.213.
Eurodollar has been holding at this point since Friday, except for small price deviations.

But I continue to expect a fall, because, as I have already said in my previous forecasts, the resistance zone is very strong. It consists of two lines - December and August 2020. The fact that the price has not yet broken through the zone also indicates that it is not ready for growth.

The reason for this stagnation may be the caution of the market in anticipation of world news. However, I think that this week the price will definitely budge. My goal - as before - is the 1.199 support line.

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