FirstNameHelen

HelenP. I Euro can decline to support level and then start grow

Long
FX:EURUSD   Euro / U.S. Dollar
Hi folks today I'm prepared for you Euro analytics. Some time ago price rebounded from the support level, which coincided with the support zone and declined to the trend line, after which it turned around and in a short time rose back to the support zone. Then Euro broke the 1.0800 level and started to trades in consolidation, where it some time traded near this level until the price reached the trend line, after which the EUR rebounded and rose to 1.0950 resistance level, which coincided with the top part of the range with resistance zone. Euro not long time trades near this level and later declines from it to the trend line, and soon breaks this line. After this movement, the price declined lower, but recently it tried to back up, and when the EUR reached the trend line again, bounced down. At the moment, the price continues to decline and for my mind, the Euro will decline almost to the support level, after which it turn around and start to grow in consolidation. Therefore I set my target at 1.0900 points. If you like my analytics you may support me with your like/comment ❤️

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