Euro / U.S. DollarShort
Euro can rebound of resistance level and continue to fall
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rises inside the upward channel. Firstly, the price reached the 1.0835 support level, which coincides with the support area. A few time later Euro broke this level and rose to the resistance line of the upward channel, but soon rolled down and fell back to the support level, which coincide with the support line. Then the price made an upward impulse from the support line to the resistance line, which this time coincide with the resistance level, broke its and even rose higher of the seller zone to 1.1265 point. But a few time ago, it declined back below the resistance level, where the price continues to trade to this day. In my mind, Euro can rebound of the resistance level and start to decline. For this case, I set up my target at the 1.1000 level inside the upward channel. Please share this idea with your friends and click Boost 🚀
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💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.