FirstNameHelen

HelenP. I Euro can make small movement up and then rebound down

Short
FX:EURUSD   Euro / U.S. Dollar
Hi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price some days ago rebounded from the 1.0900 support level, which is located in the support zone, and made a strong impulse up to the trend line, thereby breaking the 1.1030 resistance level. But soon, the price rebounded from the trend line and in a short time declined below the resistance level, which coincided with the resistance zone, thereby breaking it again. Next, the Euro fell to the support zone, where it some time traded near and later rebounded up to the trend line. Some time later, Euro broke the trend line and made a retest, after which it rebounded and continued to move up. For my mind, the Euro will rise a little more, and then the price turn around. After this, the EUR can start to decline to the support level. So, I set my target at 1.0900, which coincided with the support level. If you like my analytics you may support me with your like/comment ❤️

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