FirstNameHelen

HelenP. I Euro may break resistance and continue to grow

Long
FX:EURUSD   Euro / U.S. Dollar
Hi folks today I'm prepared for you EURO analytics. A few months ago, the price, having tested the level of 1.0525, started an uptrend and, after an unsuccessful breakdown of the zone 1.0655-1.0695, made a deep correction, re-tested the support, continued to grow and broke through it. Over time, the Euro broke through the level of 1.0830 and above, formed a resistance zone of 1.0940-1.0970. Next, the price made a downward correction, tested the level of 1.0830, continued to rise and broke through the resistance zone. For a long time, the price traded above the resistance zone and, after a re-test resistance at level 1.1095, started to fall and create Elliott waves. Euro fell to the zone of 1.0970-1.0940 (1st wave) and after correction (2nd wave) continued to fall and broke through it. Then the price fell below the level of 1.0830 (3rd wave) and after correction and re-test of the current resistance (4th wave) continued to decline. Recently, the Euro tried to break through the support zone (5th wave), but not to fix below, and it started to grow. Having made a small correction, price re-tested the support zone and continued the local uptrend. Currently, the price is trading below resistance, but may continue to move and break through it. I hope that the Euro, after breaking through resistance, may continue the local upward trend. Therefore, goals will be set at levels 1.0830 and 1.0950. If you like my analytics you may support me with your like/comment ❤️

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