YMGroup

Euro may drop to the bottom of the range

Long
OANDA:EURUSD   Euro / U.S. Dollar
Hello to the TradingView community and my followers, please, if you like ideas, don't forget to support them with likes and comments, thank you so much and we'll get started.


Today, I want to talk to you about the EUR/USD chart.

On the chart, we can see how the price has entered the range.

The price has now broken through the resistance level and is trading higher, but can go back the range and start to go down because of passible fake breakout.

I expect the price can back range and drop to the bottom.

I set 2 targets for the Euro.

The first target at a level 1.0345, The next target is at a level 1.0225 that coincide with the bottom of the range.

This is my opinion, I really hope it will be useful for you.
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.