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FirstNameHelen
May 1, 2023 9:06 AM

HelenP. I Euro trades inside wedge and may continue to grow Long

Euro Fx/U.S. DollarFXCM

Description

Hi folks today I'm prepared for you EURO analytics. Last month, the Euro rebounded from support at level 1.0525 and began an uptrend. The price continued to rise and broke through the resistance zone 1.0700-1.0740. After a deep correction, the price continued to rise and reached the level 1.1075. Euro has created a rising wedge and is currently trading in the within. Having rebounded from the resistance of the wedge, the price began to decline and tried to break through the support that coincides with the trend line, but could not gain a fixed below. The Euro continued to rise and recently made a correction to support of wedge. The price is currently trading over support of wedge and may continue to rise. It seems to me that the price may continue the upward trend. Therefore, the targets for the Euro will be set at levels 1.1040 and 1.1075. If you like my analytics you may support me with your like/comment ❤️
Comments
RLinda
Strong analysis) Chances for luck are high)
Prety-fx
i agree
Leo-btm
nice job
Tolberti
Keep up the good job!
CryptoCheck-
Great update Helen!
DeGRAM
Thank you for sharing your analysis
KlejdiCuni
FOMC and ECB together will do a big mess this week.I agree with you as both moves can be possible. Thank you for sharing
Williamforex
great srtup
HAMED_AZ
Amazing
linofx1
Excellent analysis ✅
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