Long

Euro can exit from pennant and rise to 1.0700 points

Updated

Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price some days ago entered to range, where it at once fell to the resistance level, which coincided with the bottom part of the range. Then price bounced and in a short time rose to the top part of the range and some time traded near, after which it turned around and started to decline. In a short time price broke the 1.1005 resistance level, exited from range, and continued to decline inside the downward pennant. In this pattern, the EUR reached its current resistance level, which coincided with the seller zone, and then started to grow. Price rose to the resistance line and then made impulse down. Euro broke the 1.0760 level, but tried to back and failed, after which continued to decline to support line of the downward pennant. When the price reached this line it a not long time ago rebounded and now, I think that the Euro can exit from the pennant, make a retest or not, and continue to move up. For this case, I set my TP close current resistance level, at 1.0700 points. Please share this idea with your friends and click Boost 🚀

Trade active

Very well! Euro almost exited from the pennant, so, after it exited from it I think the price will continue to grow to my TP.

Note

Price made retest, after exited from pennant, for this case, I think that Euro can start to grow to my TP.

LegionQ8

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