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LegionQ8
Jun 14, 2023 12:42 PM

Euro can bounce up and exit from resistance areaĀ Long

Euro Fx/U.S. DollarFXCM

Description

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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 šŸš€
Comments
auduaishat2021
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just target that high šŸ˜Ž
Kryptochristian
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Legit set up looking for this pump
Solldy
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A very good analysis of the asset. Glad I saw your idea)
jpeacockfx
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Good technical analysis. This could be a possible setup especially if unemployment claims come out worse then expected. Thanks for sharing!
FOREXN1
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Your analysis is a testament to your expertise. Well done!
ProjectSyndicate
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in the green zone already, solid!
ArmanShabanTrading
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Iā€™m impressed!
InkyGrip
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nice work!
linofx1
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very likely scenario
SpartaBTC
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With a high probability it is a trend reversal. This is an important area to monitor the trend.
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