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FirstNameHelen
May 12, 2023 11:16 AM

HelenP. I Euro has tested support1 and may continue to rise Long

Euro Fx/U.S. DollarFXCM

Description

Hi folks today I'm prepared for you EURO analytics. After testing support at the level of 1.0525, the price started an uptrend and broke through the resistance zone 1.0700-1.0740. Euro rose to resistance at level 1.0900, after which it made a deep correction, continued to rise and broke through current resistance. For a long time, was formed an ascending wedge, in which the price was traded for a long time. Euro bounced off the resistance of the wedge, declined and tried to break through the support of the wedge, but the price did not fix below and rose to resistance at the level of 1.1095 from which it continued to decline. Euro again tried to break through support, but could not fix and only after a slight correction the price continued to decline and left the ascending wedge. Recently, the price re-tested support at the level of 1.0900 and rebounded. I hope that the Euro may continue the uptrend, so the targets will be set at 1.0960 and 1.1055. If you like my analytics you may support me with your like/comment ❤️
Comments
MonoCoinSignal
Impressive level of detail and precision.
DeGRAM
Thank you. Great job
ArmanShabanTrading
nailed it!
TheNewsCrypto
Great Analysis
pejman_zwin
You understand the markets well and know how to make smart trading decisions.
P_S_trade
Thanks for sharing your vision
CobraVanguard
great analysis thanks for sharing with us
KABHI_FOREX_TRADING
Great idea on EUR/USD
basictradingtv
keep up the excellen work Helen!
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