FirstNameHelen

HelenP. I Euro may continue to rise inside the channel

Long
FX:EURUSD   Euro / U.S. Dollar
Hi folks today I'm prepared for you EURO analytics. A few weeks ago, the price made a deep correction, re-tested the level 1.0525 and began to rise. Euro was able to break through resistance at level 1.0690 and continued to move up. After a correction, the Euro continued to rise and created an ascending channel. Recently, the price reached the resistance of the channel, from which it began to decline, tried to break through support, but could not fix lower, returned inside the channel and continued upward movement. Currently, the price is trading over the support of the channel and may continue to rise. It seems to me that the Euro may break through the resistance at the level 1.0970 and reach the resistance of the channel. Consequently, the targets for the Euro will be set at levels of 1.0970 and at 1.1065, which corresponds to the resistance of the channel. If you like my analytics you may support me with your like/comment ❤️

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