Euro can continue to rise and tested current resistance line
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the Euro, after a deep correction, re-tested the buyer zone 1.0535-1.0520 and began to rise. The price broke through the resistance in the zone 1.0755-1.0790, and reached the level 1.0925 and rebounded. Over time, the price created an upward triangle, but after a while broke through the support line and left it. After breaking through the support line, the price continued to decline to the support area it tested and rose. Currently, the price is trading above the support area and can continue to rise. I think the price can continue to move up and test the current resistance line. So I decided to set the target for EUR/USD at level 1.0890, which coincide with the resistance line. Please share this idea with your friends and click Boost 🚀
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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.