Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price started to decline inside the downward channel, where it at once rebounded from the resistance line and fell to the seller zone. Then price rebounded from this area and tried to grow, but failed and dropped to support line of the downward channel. Next, the price rebounded from this line and rose to the resistance line of the channel, breaking the resistance level. After this, the price some time traded in the seller zone and then broke the resistance level and dropped until to 1.0345 points, breaking the support level too, and exiting from the downward channel. Later Euro started to grow inside the upward channel, where it soon broke the 1.0385 level and then rose to the resistance line of the upward channel. After this movement, the price turned around and fell to the support level, where it some time traded near and then continued to grow near the support line of the upward channel. For this case, I think that the price can decline to the support level, after which turns around and continue to grow inside the upward channel. That's why I set my TP at 1.0450 points. 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
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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.