YMGroup

EURO can break support line and continue to decline

Short
OANDA:EURUSD   Euro / U.S. Dollar
Hello to the TradingView community and my followers, please, if you like ideas, don't forget to support them with likes and comments, thank you so much and we'll get started.

Today, I want to talk to you about the Euro chart.

Recently price made upward impulse from support to resistance line, inside of rising channel.

Then Euro started to decline and now price trades near the current support line.

I expect that price can rise to resistance line and then continue to decline.

Also I think price can break current support line and fall lower.

For this reason I set up two targets at $1.050 and $1.0380 levels.

I expect this scenario.

This is my opinion, I really hope it will be useful for you.

Be prepared and save your money. Make big profits!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.