FirstNameHelen

HelenP. I Euro can enter to resistance zone and continue fall

Short
FX:EURUSD   Euro / U.S. Dollar
Hi folks today I'm prepared for you Euro analytics. Some days ago price broke the 1.0920 resistance level, which coincided with the resistance zone, and then continued to decline until the 1.0760 support level, which coincided with the support zone. After the price reached the support level, the price broke it and declined even lower than the support zone, but soon Euro turned around and rose back. After this movement, the EUR tried to rise more, but failed and declined until to trend line, thereby breaking the support level again. Later price turned around from the trend line and started to move up in an upward channel, where the soon EUR broke the 1.0760 level one more time and then made retest. After this, the price continued to rise in the channel and later it reached the resistance line, after which EUR made a correction to the support line, which is the trend line too and then rebounded up to the resistance level. When it reached this level, the Euro broke it and rose higher than the resistance zone and reached the resistance line of the channel, but a not long time ago the price turned around and fell below the 1.0920 level, breaking it again. At the moment, price trades close to this level, for this reason, I think Euro will enter to resistance zone, after which it turn around and continue to decline to support line of the channel. For this case, I set my target at 1.0875 points. If you like my analytics you may support me with your like/comment ❤️

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