Euro / U.S. DollarShort
Euro can bounce off resistance line and drop to the support
Hello my friends, today I want to talk to you about Euro.
The price formed an upward channel and is now trading near the resistance line.
The Euro can rise a little more, test the resistance line, and then it can bounce.
I expect that on Monday, after the opening of the trading session, the price after a possible retest resistance line can bounce back and start falling.
Therefore, for the Euro, I decided to set 2 goals.
The first goal at a level 1.0450 and next target at a level 1.0340 which coincide with the support line.
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.
The price formed an upward channel and is now trading near the resistance line.
The Euro can rise a little more, test the resistance line, and then it can bounce.
I expect that on Monday, after the opening of the trading session, the price after a possible retest resistance line can bounce back and start falling.
Therefore, for the Euro, I decided to set 2 goals.
The first goal at a level 1.0450 and next target at a level 1.0340 which coincide with the support line.
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.