LegionQ8

Euro has tested support line of channel and can continue to rise

Long
FX:EURUSD   Euro / U.S. Dollar
Hello traders, I want share with you my opinion about Ethereum. Watching the Euro, we can see how the price formed a buyer zone 1.0540-1.0520, from which it begin to grow and reached the resistance zone 1.0750-1.0760. After re-testing the resistance zone, the price created the downward impulse, breaking the support line and fell to the buyer zone. The price tested the buyer zone and begin to move upwards, forming an upward channel. The price now trades inside channel, and we see how the price of re-testing the support line of channel and starting to rise. Currently, the price is trading above the support line and may continue to move upwards. Based on this analysis, I set 2 goals at the level 1.0700 and at level 1.0735, which coincide with the resistance line of channel. Please share this idea with your friends and click Boost 🚀

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