EURUSD Uptrend 04 03 2021
Continuing its movement in the global uptrend that began in May 2020, the price came to the support zone in the middle of this 1.205 channel. This zone formed at the intersection of the strong support level and the line formed in the middle of the channel. And from this zone, we have repeatedly been able to observe the price correction. This time, too, the price touched the zone at the beginning of the week, increased minimally and rolled back again. Therefore, now I expect it to consolidate in the zone and continue to grow. Thus, my final target is the resistance line at 1.223.
Continuing its movement in the global uptrend that began in May 2020, the price came to the support zone in the middle of this 1.205 channel. This zone formed at the intersection of the strong support level and the line formed in the middle of the channel. And from this zone, we have repeatedly been able to observe the price correction. This time, too, the price touched the zone at the beginning of the week, increased minimally and rolled back again. Therefore, now I expect it to consolidate in the zone and continue to grow. Thus, my final target is the resistance line at 1.223.