We continue to monitor the movement of the euro-dollar price.
In early November, the price bounced off the support line at 1.160, soon worked out a small correction and since then, for almost a month, has been in an upward trend.
During a sharp jump in the price, which began quite recently, the price was able to break through the resistance-support level of 1.207 and rose minimally above it.
The current situation repeats one to one the situation before the breakdown of the level in 2017.
Strong growth from the line first
support, then touching the level and correcting and eventually breaking through the level
And the fact that the price was able to break through this level now is a signal for readiness for good growth. Moreover, now the level will provide good support to the price.
Therefore, I open a buy trade. I will never tire of reminding you of the importance of SL - this time we are looking for it below the support level of 1.201.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
In early November, the price bounced off the support line at 1.160, soon worked out a small correction and since then, for almost a month, has been in an upward trend.
During a sharp jump in the price, which began quite recently, the price was able to break through the resistance-support level of 1.207 and rose minimally above it.
The current situation repeats one to one the situation before the breakdown of the level in 2017.
Strong growth from the line first
support, then touching the level and correcting and eventually breaking through the level
And the fact that the price was able to break through this level now is a signal for readiness for good growth. Moreover, now the level will provide good support to the price.
Therefore, I open a buy trade. I will never tire of reminding you of the importance of SL - this time we are looking for it below the support level of 1.201.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.