#EURAUD 20 04 2021
In October 2020, the price touched the resistance line at 1.677. This is a very strong line - the border of the main trend formed in July 2013. After touching the resistance level , the price fell and formed a downtrend. In March of this year, the price touched the support zone 1.527, started to rise and broke through the trend line 1.543. After that, the price continued to rise and worked out several corrections within the resistance line 1.568. The price touched this line again last week and is now falling. I expect it to go down to the 1.531 support zone, where the July 2013, March and August 2012 support lines intersect. Then it will rebound and return to the resistance line 1.570. This will be our goal of support level
In October 2020, the price touched the resistance line at 1.677. This is a very strong line - the border of the main trend formed in July 2013. After touching the resistance level , the price fell and formed a downtrend. In March of this year, the price touched the support zone 1.527, started to rise and broke through the trend line 1.543. After that, the price continued to rise and worked out several corrections within the resistance line 1.568. The price touched this line again last week and is now falling. I expect it to go down to the 1.531 support zone, where the July 2013, March and August 2012 support lines intersect. Then it will rebound and return to the resistance line 1.570. This will be our goal of support level
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