Euro can make small correction and then bounce up
Hello my friends, today I want to talk to you about EURUSD.
I made a few conclusions about EURO.
Not time ago price exit of upward channel and broke support line and now, euro trades near new resistance line.
After price broke support line I expect that euro can drop below to support zone
From the support zone, I think that price can continue to rise.
That's why I set up two targets at $1.0440 and $1.0610 levels.
I expect such a scenario.
This is an article not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.
I made a few conclusions about EURO.
Not time ago price exit of upward channel and broke support line and now, euro trades near new resistance line.
After price broke support line I expect that euro can drop below to support zone
From the support zone, I think that price can continue to rise.
That's why I set up two targets at $1.0440 and $1.0610 levels.
I expect such a scenario.
This is an article not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.
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.