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FirstNameHelen
Mar 20, 2024 2:11 PM

HelenP. I Euro can decline to support level and then start grow Long

Euro Fx/U.S. DollarFXCM

Description

Hi folks today I'm prepared for you Euro analytics. Some time ago price rebounded from the support level, which coincided with the support zone and declined to the trend line, after which it turned around and in a short time rose back to the support zone. Then Euro broke the 1.0800 level and started to trades in consolidation, where it some time traded near this level until the price reached the trend line, after which the EUR rebounded and rose to 1.0950 resistance level, which coincided with the top part of the range with resistance zone. Euro not long time trades near this level and later declines from it to the trend line, and soon breaks this line. After this movement, the price declined lower, but recently it tried to back up, and when the EUR reached the trend line again, bounced down. At the moment, the price continues to decline and for my mind, the Euro will decline almost to the support level, after which it turn around and start to grow in consolidation. Therefore I set my target at 1.0900 points. If you like my analytics you may support me with your like/comment ❤️
Comments
FX_Professor
Very nice charts Helen but please dear consider changing colors a bit cause 'i can't see easily' (i am a bit old). :))) Great stuff!
TheFxAce
You present a persuasive narrative for a strong long-term market position.
BKTradingAcademy
Great job! We went long post FOMC. Keep up the great work. 🚀
ceciliones
nice work.
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