In my mind Euro can bounce to resistance level, exiting pennant
Hello traders, I want share with you my opinion about Euro.By observing the chart, we can see how the price a few days ago declined from the support level, which coincide with the buyer zone to the support line, after which it bounced and made a strong impulse up to the resistance line, breaking the seller zone, which coincides with resistance level. Also, the price formed an upward pennant and soon it made a correction below the resistance level. After this movement, Euro try to rise back, but failed and fell to the support line, after which recently the price bounced up to the resistance level. And now the price trades close to this level, and maybe Euro can decline a little and then bounce up to the resistance level, thereby exiting from the pennant. As well price can break this level, make a retest, or at once continue to move up, without retest, Therefore I set up my target at the 1.0975 level. 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
💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
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.