EURUSD 16 03 2021
Yesterday a long-term forecast for the development of the Eurodollar.
It is important to note that during the fall at the end of February, the price was able to break through the strong resistance line at 1.197. This line has existed on the chart since February last year. After the breakout, the price dropped to the support line and then rose again to the resistance. Now the price is in the process of falling again and I expect it to first touch the 1.187 support and then rise to the 1.205 resistance.
Yesterday a long-term forecast for the development of the Eurodollar.
It is important to note that during the fall at the end of February, the price was able to break through the strong resistance line at 1.197. This line has existed on the chart since February last year. After the breakout, the price dropped to the support line and then rose again to the resistance. Now the price is in the process of falling again and I expect it to first touch the 1.187 support and then rise to the 1.205 resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.