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LegionQ8
Mar 20, 2023 10:02 AM

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

Euro Fx/U.S. DollarFXCM

Description

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 🚀
Comments
AkhiPrajapati
good scenario
JoeChampion
I agree on USD weakness, thanks!
Setupsfx_
Great work
Williamforex
appreciate
RLinda
Thanks for the quality work)
azizhaquek
Could very well be a bull trap?
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