Euro / U.S. DollarShort
After strong upward impulse, Euro can fall to 1.1020
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see how the price some time ago bounced to the resistance line and started to decline near it. Price made impulse down to past support level, which coincide with the buyer zone, and at once bounced back to the resistance line. Then Euro repeated this movement and after this price bounced from the buyer zone and made a strong impulse up to the current support level, thereby breaking the resistance line. Also then Euro broke the current support level too and later entered to upward channel, in which it continues to trade to this day. In my mind, Euro can roll down of resistance line and start to decline to support line of the upward channel. For this case, I set my target at the 1.1015 level, which coincide with support line. Please share this idea with your friends and click Boost 🚀
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💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
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.