EURUSD good point to start sell

25 нояб. 2020 г.

The price has broken through the upper line (resistance line) of the channel in which it has been moving since the end of July.
Now it is at a strong resistance line.
This line was formed in November 2019. But it has had a particular influence on the price since the beginning of October. Over the past month, the price has not been able to rise once for this line (there were minimal breakouts).

Therefore, even if now the price can break the line, the growth will not be significant.
She will fall again anyway.
And this is a reason to start selling.
SL - 1.198 (above the resistance line).
TP - 1.177 (along the support line).

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