Euro can make a little movement down and then continue to rise

FX:EURUSD   Euro / U.S. Dollar
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few days ago bounced from the seller zone, which coincides with the 1.1125 resistance level to the 1.1035 current resistance level. After this price tried to back up, and even made a fake breakout of the 1.1125 level, but at once rolled down until to 1.0945 support level, thereby breaking the 1.1035 level, which is located inside the resistance area. Then Euro rebounded up to the resistance area and some time traded near it, but later the price declined below the 1.0945 support level to the buyer zone. And later Euro bounced up from the buyer zone and rose to the 1.1035 resistance level, and then bounced down and started to decline inside the downward channel. In the channel, the price fell to the support line, which coincide with the buyer zone and 1.0945 level, but recently it rebounded up to the resistance line, where Euro continues to trade now. Probably price can make a little correction and then bounce up to rise to the resistance line of the channel. Then Euro can break this line, thereby exiting from the channel and continuing to rise to the resistance level. Therefore I set up my target at the 1.1035 level. Please share this idea with your friends and click Boost 🚀

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