Shammi90

Analysis EURUSD for the short term and expectations

Lång
FX:EURUSD   Euro / USA-dollar
In early March, the price fell to the strong support zone of 1.187, after which it tried to break through it, but the breakout turned out to be false. The price bounced off this zone, but the rapid growth did not work out. Since the beginning of the month, the price has been moving in a small zone from the support line to the resistance zone of 1.198. The last time the price came to the resistance zone was in the middle of this week, after which it collapsed to the support line at 1.190. This support line was formed in February 2020, it has already given the price an impulse for growth several times, so now I also expect growth. I expect the price to bounce off the 1.190 support line and rise to the 1.198 resistance zone.
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