Euro / U.S. DollarShort
Euro can continue to fall and break support line of triangle
Hello traders, I want share with you my opinion about Euro. Watching the graph, we can see how the price formed a resistance area 1.0760-1.0770, from which it begin to decline and subsequently formed a symmetrical triangle. We see how the price has re-tested the support line and risen. Euro is now trading below the resistance line of triangle, but may continue to rise and test it. After a possible retest of the resistance line, the price can begin to fall and break through the support of the triangle. I think the price can exit the triangle and continue to decline. Based on this analysis, there are set targets for the Euro at level 1.0610, which coincide with the support line of the triangle and at level 1.0575. Please share this idea with your friends and click Boost 🚀
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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.