Euro Touch the trend line and need to hit 1.08 for bullish

FX:EURUSD   Euro / U.S. Dollar
498 5 25
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Euro Touch the trend line and need to hit 1.08 for bullish
We have seen Euro             touch the trend line when Friday's was Hyper with ( High1.11130). It could not stay at this price and close with 1.10986. Therefore, we move on the channel and we continue bearish when we touch 1.08 as usual. 1.08 is a high support line for us because we have 3th bottom.

Always, Trade with yourself.

Kind Regards,
Pooya Salehipour
Euro have change the yellow way and touch red line.
correctly tuch 1.08 thank you for nice and intersting analysis
+1 Reply
Your welcome.
A very interesting analysis. I think that it will meet to fall below 1.08, as the market will expect interest rate hikes in the US.
+1 Reply
PooyaSalehipour RobertPapon
i think it didn't happen. when we touch 1.08 we grow up soon. Technical analyses tell everything's.
1.05 is a second support but i don't sure.
+1 Reply
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