FirstNameHelen

HelenP. I Euro will fall to trend line and rebound up to $1.0895

Long
FX:EURUSD   Euro / U.S. Dollar
Hi folks today I'm prepared for you Euro analytics. Some days ago price started to decline in a downward channel, where it first rebounded from the resistance line and fell to the resistance level, which coincided with the resistance zone. After this, the price bounced and tried to rise, but failed and after some time traded near the resistance zone and declined lower than the 1.0895 level, thereby breaking it. Next, the EUR some time traded near this level and later rebounded down from it to the support level, which coincided with the support zone and support line of the channel. Then price bounced and tried to rise, but failed again and declined to the trend line, which is located in the support zone, and soon rebounded up, making a fake breakout of the 1.0725 level. Some time later Euro exited from the downward channel and continued to move up near the trend line, but a not long time ago it fell to this line, where at the moment EUR continues to trades near. For my mind, the Euro will decline to the trend line again and then rebound up to the 1.0895 resistance level, which is my target. If you like my analytics you may support me with your like/comment ❤️

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