EURNZD will grow from strong support
At the end of 2019, the price came to the support line of 1. 665 and after that it rapidly rose to retrace to the annual high of 1.992 - this was the spring of 2020.
From that moment on, the price began to fall.
During the fall, it was able to break through several zones and resistance lines.
However, now the price has come back to the support line. Has not touched it yet but is close.
This is a strong line of support for 2018.
The price tried to break it, but all breakouts turned out to be false.
Each touch of the line by the price unfolded it and provided a resource for growth.
I expect that the price will first complete the fall and come to the support line around 1.689.
And then it will grow from it to the zone. resistance.
The target is 1.717.
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Thank you for your support!
From that moment on, the price began to fall.
During the fall, it was able to break through several zones and resistance lines.
However, now the price has come back to the support line. Has not touched it yet but is close.
This is a strong line of support for 2018.
The price tried to break it, but all breakouts turned out to be false.
Each touch of the line by the price unfolded it and provided a resource for growth.
I expect that the price will first complete the fall and come to the support line around 1.689.
And then it will grow from it to the zone. resistance.
The target is 1.717.
-------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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