Short

HelenP. I Euro can continue to decline in downward channel

Hi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how a few time ago price declined below the 1.0925 support level, which coincides with the support zone. After this movement, Euro rebounded and made a strong impulse higher of 1.1135 resistance level, which coincide with the resistance zone too, thereby breaking the 1.0925 support level again. Later price entered to downward channel, in which it declined below the 1.1135 resistance level, breaking it, and even after this, Euro tried to back up, but failed and continued to fall to the 1.0925 support level. At the moment Euro continues to trade near the support level inside the downward channel. In my mind, the price can rise a little and then continue to fall to the support line, thereby breaking the 1.0925 support level, with zone. Therefore I set up my target at the 1.0850 support line. If you like my analytics you may support me with your like/comment ❤️

FirstNameHelen

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FirstNameHelen

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