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LegionQ8
Jun 5, 2023 9:51 AM

Euro make deep correction and can continue to rise Long

Euro Fx/U.S. DollarFXCM

Description

Hello traders, I want share with you my opinion about Euro. Observing the chart, we see how the price formed a seller zone 1.0890-1.0900 and began a downward movement. Euro reached the level 1.0775, made a fake breakout and rose. Subsequently, the price continued to decline and, after a small upward correction and a retest of the resistance line continued to fall and break the support level. The price continued downward move and eventually fell to the level 1.0635, retested it and began to rise. Euro broke through the resistance line and rose to the resistance level 1.0775, retested it and declined. Not so long ago, the price made a deep correction and, after retesting the current support line, continued to move up. Currently, the Euro is trading above the support line and can continue to rise. The price can continue the upward movement and reach the resistance level. So, I decided to set the targets at level 1.0720 and at level 1.0775. Please share this idea with your friends and click Boost 🚀
Comments
KronFX
good analysis
Setupsfx_
Amazing work
Williamforex
like it
TheCryptagon
Very timely idea. Great entry point for such a strategy.
ArmanShabanTrading
a job well done.
transparent-fx
I am also bullish on this
HAMED_AZ
Great idea
KABHI_FOREX_TRADING
Perfect work mate
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