Euro / U.S. Dollar
Short

DeGRAM | EURUSD downtrend formation

486
As I said from the beginning of the week, the price continues to fall slightly from the resistance of 1.218.
May 10
DeGRAM | EURUSD double touch resistance / Fall

May 11
DeGRAM | EURUSD fall has begun

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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