LegionQ8

Euro can continue to move up to resistance level

Long
FX:EURUSD   Euro / U.S. Dollar
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price was a not long time ago rising near the resistance level, which coincided with the seller zone and later EUR rose to the resistance line of the wedge. After this price turned around from the resistance line and in a short time declined to the support line of the wedge, which coincided with the buyer zone and support level, thereby breaking the 1.0825 level. Also then, Euro bounced from the support line and started to move up to the resistance line of the wedge. Soon, EUR, after reached a resistance line and made a downward impulse to 1.0695 points, breaking the 1.0735 level, but a not long time ago the price turned around and in a short time grew to this level and broke it again. Then Euro continued to move up and now it trades near 1.0780 points, and I think that Euro can fall to 1.0750 points, after which the price will turn around and start to grow to the 1.0825 resistance level. For this case, I set my target at this level. Please share this idea with your friends and click Boost 🚀
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