LegionQ8

Euro can rise to resistance line and then bounce down to 1.0650

Short
FX:EURUSD   Euro / U.S. Dollar
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a short time ago rebounded down from the 1.0900 resistance level, which coincides with the seller zone to the support line and at once bounced higher than this level. Then the price fell below and started to decline until to 1.0765 current resistance level, which coincides with resistance area. After this Euro rebounded up to past the resistance level and even made a fake breakout. Also, the price entered to downward channel, where it declined to lower tow levels, thereby breaking their. But recently Euro rebounded and at the moment it trades near to resistance line of the downward channel, and in my mind price can rise to the resistance line and then bounce and start to decline to the support line of the downward channel. For this case, I set up my target at the 1.0650 level. Please share this idea with your friends and click Boost 🚀
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