Euro / U.S. Dollar
Short

HelenP. I Euro can bounce down from resistance line of channel

1122
Hi folks today I'm prepared for you Euro analytics. A few days ago, the price rose to the 1.1025 support level, which coincides with the support zone. After a small correction inside the support zone, Euro made a strong impulse up to the 1.1175 resistance level, thereby breaking the support level. In a short time, Euro broke the resistance level too and even rose higher of the resistance zone, but after it reached 1.1275 point, the price started to decline in a downward channel. In the channel price fell to the support level, thereby breaking the 1.1175 resistance level, and a not long time ago bounced up to the resistance line of the downward channel. But Euro didn`t reach it and recently started to fall. At the moment I think that Euro can rise a little and then bounce down to support zone 1.1025 - 1.1000, breaking the support level, where is located my target. If you like my analytics you may support me with your like/comment ❤️

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