Short

After a retest of resistance line Euro can continue to decline

Hello traders, I want share with you my opinion about Euro. Watching the chart, we can see how the Euro several times tested the buyer zone from which it began to rise, created an upward channel and broke through the resistance level 1.0790. The price continue the movement, made a fake breakout of the resistance line of channel, but returned and began to decline. After a deep correction, Euro continued to rise in the upward channel and reached the level 1.0965. After re-testing the resistance level, the price began to decline, broke through the support of the channel and left it. Price has been declining for some time, but has recently begun to rise, which is a possible beginning correction. The price is currently trading close to the current resistance line and could rise, test it and complete correction. I think that after a possible retest of the resistance line, the Euro can continue to fall. So I decided to set the goals at level 1.0855 and at the support level 1.0790. Please share this idea with your friends and click Boost 🚀

LegionQ8

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LegionQ8

🔷Join my telegram channel for free - bit.ly/4g4wovR

💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8

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