LegionQ8

Euro can decline a little more and then make impulse up

Long
FX:EURUSD   Euro / U.S. Dollar
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago reached the buyer zone, which coincided with the support level, and a short time later EUR broke this level and rose a little higher. But then, the price turned around and fell to the support line, which is located inside the buyer zone. Next, the price rebounded from the support line and started to rise. Euro rose to 1.0750 points, after which it made a small correction. Then price continued to move up and later reached the resistance level and even entered to seller zone, but at once bounced and declined to the support line, making a fake breakout of the 1.1000 resistance level. After this movement, the Euro rebounded from the support line and rose back to this level, making a little correction, after which made an upward impulse to the resistance line, breaking the resistance level. But a not long time ago Euro rebounded from this line and in a short time declined to support line, breaking the 1.1000 level one more time. Also soon, the price broke the support line and now EUR trades near. Possibly, the Euro can fall a little more, after which the price turns around and can start to rise to the 1.1000 resistance level. So, that's why I set my target at this level. Please share this idea with your friends and click Boost 🚀

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