Recently, the Euro price rebounded from the trend line and rose to support 1.1000 , which coincided with the support zone. However, it quickly fell below the trend line, breaking it. After this, the Euro backed up and broke support 1.06700 , after which it made a retest. The price then tried to rise but failed and fell to support 1.06700. It rebounded from this level and made a strong upward impulse to support 1.1000, which coincided with one more support zone. After this movement, the Euro rebounded from support 1.1000 and declined firstly to the trend line and a few moments later it fell lower than this line, breaking it. But soon, the Euro rolled up and made an impulse up to the support zone, thereby breaking support 1.1000 too. Recently, the price made a correction to the support zone. Currently, the price is trading near the support area. In my opinion, the Euro can decline lower than the trend line to the support zone and after this, the price can rebound up to the 1.1150 level.
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