HelenP. I Euro can correct to support level and then rebound up
Hi folks today I'm prepared for you Euro analytics. Some days ago price rose to the resistance level, which coincided with the resistance zone and broke it, after which rose a little more. Then EUR started to decline inside the downward channel, where it in a short time declined to the resistance level and broke it one more time, but soon it backed up and reached the trend line. After this, the price rebounded from the trend line and declined to the support line of the channel, thereby finally breaking the 1.0865 level. Then Euro rebounded from the support line and rose to the resistance level and some time traded near, exiting from the channel later. Also, the price broke the trend line, but soon Euro rebounded from the 1.0865 level and made a downward impulse to support the level, breaking the trend line again. After declining to the 1.0650 level, Eur some time traded in the support zone and then rebounded up from it. Euro reached the trend line and a not long time ago rolled down. So, just now, I expect that the Euro will decline to a support level and then rebound up to the trend line. Then price can break this line and continue to grow, therefore I set my target at 1.0765 points. If you like my analytics you may support me with your like/comment ❤️
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.