HelenP. I Euro can break support level and continue to fall

FX:EURUSD   Euro / U.S. Dollar
Hi folks today I'm prepared for you Euro analytics. Some days ago price traded near the 1.0865 resistance level, which coincided with the resistance zone, but after the price rose a little higher than the zone, it made an impulse down, thereby breaking the 1.0865 resistance level. After this movement, Euro in a short time backed up and even later reached the trend line. Then the price started to fall inside the wedge, in which it broke the 1.0865 resistance level again and declined to the 1.0630 support level, which coincided with the support zone. After this, the Euro at once bounced up to the trend line but soon rebounded back and fell to the support zone. At the moment price continues to trade in this zone and I think that the Euro can fall to the support level and try to break it. After the breakout the price can continue to move down, therefore I set up my target at the 1.0565 level, which coincides with the support line of wedge. If you like my analytics you may support me with your like/comment ❤️

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