Euro can break resistance level and continue rise in channel
Updated
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few moments ago rebounded from the support line and tried to grow, but failed and fell a little below. Then price in a short time rose to the resistance level, which coincided with the seller zone and resistance line, after which made a downward impulse to the support level, making a first gap. After this movement, the Euro rebounded from the support level, which coincided with the buyer zone and rose to the resistance line, but then it at once dropped lower than the 1.0725 level and reached the support line. Next, the price some time traded below the support level and later broke the resistance line, after which it turned around and fell back. Then EUR started to grow inside the upward channel, where it broke the 1.0725 level and formed another two gaps, after which broke the 1.0900 level and reached the resistance line of the channel. But recently Euro rebounded and fell below this level, breaking it again. For this reason, I think the price can break the resistance level and make a retest, after which continue to grow inside the upward channel. So, that's why I set my TP at 1.0980 points. Please share this idea with your friends and click Boost 🚀
Note
At the moment price trades very close to the support line of the channel, so, I still waiting for when it will break the resistance level and continue to grow inside the upward channel:
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