EURUSD start FALLING from RESISTANCE zone

10 Feb 2021

We continue to monitor the movement of the euro-dollar, let me remind you that the pair has been moving in accordance with my forecasts since the end of last week.

The movement began after the price is breaking through the resistance zone 1.205. And then touched the 1.195 support line. after which it showed a strong growth from this line.

Further, the price started a new rise from the support line, and yesterday we expected it to rise to the resistance zone at the intersection of two 1.212 lines.

And yesterday we expected the price to reach the resistance zone of 1.213 and then return to support.

As you can see on the chart, by the end of yesterday the price reached the zone and is now between the two lines in the 1.213 region. I expect that now it will reverse from the zone and fall to the 1.198 support line.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻