AtlasTrades

Euro can make retest of resistance level and continue to fall

Short
OANDA:EURUSD   Euro / U.S. Dollar
Hello my friends, today I want to talk to you about EURUSD .

I made a few conclusions about Euro .

Not time ago price made strong downward impulse from $1.05 to support line at $1.03 inside of downward channel .

Then, Euro bounce up to resistance line and made donward impulse again, thereby broke old support level .

Now, price trades near support line.

I expect that euro can make retest new resistance level and then continue to fall.

Also, price can break support line, therefore I set up my target at $1.0290 level.

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.

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