Euro can rebound from buyer zone and start to move up

FX:EURUSD   Euro / U.S. Dollar
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price a short time ago bounced from the 1.0910 resistance level, which coincided with the seller zone and a little declined below. After this movement, the price started to rise in an upward channel, where it rose back, and later Euro reached the resistance line of the channel. Then price rebounded from this line and started to decline near the resistance line and soon it exited from the channel and fell to the 1.0910 level. Then price broke this level, made a retest, and continued to move down until to current resistance level, which coincided with the buyer zone. Also then, the Euro rebounded from this level and rose to the resistance line, but a not long time ago it rolled down and fell back to the 1.0760 level. As well recently, the price broke it too, and now trades very close to this level. In my mind, the Euro can decline to the buyer zone and then rebound to the resistance level. Then the price can break this level and in a short time resistance line too and continue to move up. Therefore I set my target at the 1.0840 level. Please share this idea with your friends and click Boost 🚀

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