LegionQ8

Euro can break support level and continue to decline

Short
FOREXCOM:EURUSD   Euro / U.S. Dollar
Hello traders, I want share with you my opinion about Euro. By observed on the graph, we can see how the Euro moves in a downward trend. Moving down, the price broke through the support area, which became the resistance area. You can also see how the price retested the resistance area and bounced back. Currently, the price is close to the support level and may continue to decline and break through it. I think the price may continue to fall and reach the buyer zone. So I decided to set two targets for Gold at level 1.0565 and in the buyer zone 1.0485-1.0515. Please share this idea with your friends and click Boost 🚀
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.