LegionQ8

Euro can grow to resistance line of downward channel

Long
FOREXCOM:EURUSD   Euro / U.S. Dollar
Hello traders, I want share with you my opinion about Euro. Looking at the graph, we can see how the price formed resistance area (2) 1.0925-1.0940, from which begin downward impulse. Subsequently, the price formed the downward channel and is currently trading inside. The price is now testing the support area, from which it can continue to move upwards. I think the price can continue to rise and reach the resistance line of this channel. Based on this situation to the Euro, we can set two goals at the resistance level 1.0705 and resistance area (1) 1.0730-1.0745 which coincide with resistance line of channel. Please share this idea with your friends and click Boost🚀
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