Euro may correct to support area and then continue to grow

Apr 14

Hello traders, I want share with you my opinion about Euro. The price started its movement inside a tight upward channel, gradually rising from lower levels. After a steady climb, the Euro broke out of the channel with a strong impulse, entering a buyer zone between 1.0870 - 1.0910 points. This zone acted as a strong base, and from there, the pair accelerated upward, eventually reaching the upper boundary of a wide horizontal range. After multiple rejections near the range’s top, the pair finally made a breakout and exited above resistance, confirming the shift in momentum. The growth didn’t stop there - price continued its rally, reaching the current support area between 1.1320 - 1.1280 points, which now aligns with a strong horizontal level at 1.1280 points. This area was successfully retested and defended by buyers. Currently, the price is consolidating slightly above this support, forming a local correction after the recent impulse. As long as this structure holds and the support area remains intact, the bullish pressure is likely to resume. Given the breakout, the strong base from the buyer zone, and the bullish market structure, I expect the Euro to continue growing toward the 1.1550 level, which is marked as my current TP1. Please share this idea with your friends and click Boost 🚀

Apr 15

Trade active

Good one! Euro declined to support area, and now I expect that the price will rebound from this area and start to grow to my TP:

Apr 16

Trade closed: target reached

Impressive! Euro declined to support area and started to grow. So, I expect that price can reach my TP.