TradingView
FirstNameHelen
May 30, 2023 7:39 AM

HelenP. I Euro may exit of wedge and to rise Long

Euro Fx/U.S. DollarFXCM

Description

Hi folks today I'm prepared for you EURO analytics. For a long time, the price has been moving in a local downtrend. Having re-tested the trend line, the Euro broke through the level of 1.0940 and, after a slight upward correction, continued to decline. Subsequently, the price reached the level of 1.0760, re-tested it and increased. Rebounding from the trend line, the Euro continued to fall and broke through support at level 1.0760. Over a long period, the price has created a downward wedge in which it is still traded. Recently, the price dropped to the level of 1.0680, which corresponds to support of wedge, re-tested it and increased. Currently, the price is trading above the support of wedge and may continue to rise. I hope that the price may break through the trend line, leave the wedge and rise. Therefore, the goals for the Euro will be set at levels of 1.0715, which corresponds to the resistance of the wedge, and 1.0760. If you like my analytics you may support me with your like/comment ❤️
Comments
linofx1
Great idea
DeGRAM
Thank you for sharing
Masoud4304
، helo , tanku
jpeacockfx
Good potential setup. Best of luck!
pejman_zwin
Thanks for sharing
Setupsfx_
Great analysis
Tolberti
I think it's a good analysis!
TradingShot
Completely agree with your point of view, thanks for sharing!
TradingBrokersView
Very valuable analysis, thank you for your contribution.
melikatrader94
great insight
More