LegionQ8

Euro can make little correction and then rebound up to 1.0940

Long
FX:EURUSD   Euro / U.S. Dollar
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a not long time ago started to fall from the seller zone, which coincided with the 1.0890 current support level, and in a short time, EUR fell lower this level, breaking it. After this, the price turned around and later entered to triangle, where the EUR rebounded from the resistance line and fell to the buyer zone, which coincided with the support level. After this, the price rebounded up to the resistance line, after which the Euro made a downward impulse to lower the 1.0750 level, thereby exiting from the triangle. Then price started to move up in an upward channel, where it in a short time broke the 1.0750 level and later reached the resistance line of the channel. After this movement, the Euro made a correction to the support line of the channel and then made an upward impulse to the seller zone, breaking the 1.0890 level, where it continues to trade to this day. I think that the Euro can make a little correction below the support level and then rebound up. For this reason, I set my target at the 1.0940 level. Please share this idea with your friends and click Boost 🚀

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