HelenP. I Euro may break resistance level and rise to trend line

Hi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price a long period of slow decline, finally showing early signs of potential reversal. The price has been moving inside a falling wedge pattern, consistently testing lower highs and lower lows. But now, after touching the lower boundary of the structure and reacting near the 1.1200 zone, buyers have stepped in with notable strength. This level aligns not only with the wedge’s base but also with a previous support zone, which adds weight to the current move. The first reaction was sharp, the price rebounded confidently, and started forming higher local lows. That suggests the bearish momentum is weakening, while the structure itself points toward a possible breakout. If the Euro continues to build this upward momentum, it could break through the 1.1285 - 1.1300 resistance zone, which has already acted as a ceiling multiple times. That zone now becomes the key pivot for the next phase of the movement. Given the wedge structure, price behavior near support, and the current momentum, I expect EURUSD may reach the trend line, breaking the resistance level, and continue to grow to the trend line. That's why I set my goal at 1.1320 points, which coincides with the trend line. If you like my analytics you may support me with your like/comment ❤️

Trade active

Great! Price declined a little, after this, I expect that it will start to move up to resistance level.

Trade closed: target reached

Waiting for Monday! Then the price can start to grow, I expect that!

FirstNameHelen

🚀If you want became part of my trading team & start making big profits welcome to my paid VIP signals group, write me✏️ bit.ly/4grtzW3

❤️Welcome to my telegram channel👉🏼 bit.ly/418mk0x

ThinkMarket Ambasador Join & explore bit.ly/3YLyRVV

Also on:

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.

FirstNameHelen

Also on: