Short

Euro can starts decline and retest falling channel

Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few days ago bounced higher of the support level, which coincides with the buyer zone, but soon it fell below again. Next Euro made a strong impulse up to the seller zone, which coincide with the current support level, thereby breaking past the support level and at once started to decline in a downward channel. In the channel, the price made a fake breakout, after which it bounced up and in a short time rose to the current support level. Also, a not long time ago Euro broke this level, exited from the downward channel, and now trades near the support level. I think that the price can make a little movement up and then fall back to the support level. After this price can rise a little up again and then bounce down, thereby breaking the support level. For this reason, I set my target at the 1.0900 level, which coincides with the resistance line of the downward channel. Please share this idea with your friends and click Boost 🚀

LegionQ8

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LegionQ8

🔷Join my telegram channel for free - bit.ly/4g4wovR

💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8

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