FirstNameHelen

HelenP. I Euro can decline to support zone and then bounce up

Long
FX:EURUSD   Euro / U.S. Dollar
Hi folks today I'm prepared for you Euro analytics. A few days ago price rebounded from the trend line and started to rise to support 2, which coincided with the support zone, but when it reached this level it at once rebounded below the trend line, breaking this line. After this, the Euro in a short time backed up and even soon broke support 2, after which it made a retest. Then the price tried to rise but failed and fell to support 2, and then it rebounded from this level and made a strong upward impulse to support 1, which coincided with one more support zone. After this movement, the Euro rebounded from support 1 and declined firstly to the trend line and a few moments later it fell lower this line, breaking it. But soon, the EUR rolled up and made impulse up to the support zone, thereby breaking support 1 too. As well recently, the price made a correction to the support zone. Now price continues to trades near the support area and for my mind Euro can decline lower than the trend line to the support zone and after this price can rebound up to the 1.1150 level. If you like my analytics you may support me with your like/comment ❤️

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