LegionQ8

Euro can bounce up and exit from resistance area

Long
FX:EURUSD   Euro / U.S. Dollar
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that price recently move up inside from upward channel and even made fake breakout. Price longer time tried to fix in seller zone, but on 4th try, it bounced down and started to decline. Thereby Euro left channel and made strong downward impulse to support line, breaking 1.0800 support level. And a not long time ago it bounced up from support line and now trades in resistance area. I think Euro can bounce higher, exit from resistance area, as well make retest and then continue move up. For this case, I set my target at 1.0920 level. Please share this idea with your friends and click Boost 🚀

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