FirstNameHelen

HelenP. I Euro can reach resistance level and try to break it

Long
FX:EURUSD   Euro / U.S. Dollar
Hi folks today I'm prepared for you Euro analytics. Some time ago price reached the support zone and then rebounded down to the trend line. After this, the Euro started to move up in an upward channel, where it rose to the support level and soon broke it, but at once fell back to the support zone. Then price finally broke this level and then made impulse up to the resistance line of the channel, which coincided with the resistance level, which coincided with the resistance zone. After this movement, the EUR rebounded from the 1.1000 resistance level and made a correction movement to the 1.0720 support level, which coincided with the support and trend line. Next, the price at once rebounded from this level and in a short time grew to the resistance level again and broke it. After this, the Euro tried to rise higher, but failed and a not long time ago declined below the 1.1000 level, thereby breaking it one more time. Now, the price trades near this level and I think that the Euro will rise toresistance level, and then make a little movement down. After this, the price can break this level and then continue to move up in an upward channel. Therefore I set my target at the 1.1130 level. If you like my analytics you may support me with your like/comment ❤️

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