LegionQ8

Euro can make little correction and then start to move up

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 some time ago reached a resistance level, which coincided with the seller zone, and then turned around and started to fall in a triangle. In a triangle, the Euro declined to the buyer zone, which coincided with the support level, but when it fell to this zone, the EUR at once rebounded and rose to the resistance line of the triangle, after which the price declined lower 1.0735 level with the buyer zone. After this, the price turned around and started to rise in an upward channel, where it broke the resistance line of the triangle, thereby exiting from this pattern and later reaching the resistance line of the channel. Then EUR made a correction to the support line and then in a short time rose to the resistance line back, breaking the 1.0895 resistance level. But soon, the Euro turned around and started to decline near the support line, thereby exiting from the upward channel and soon breaking the resistance level. Later price broke the resistance level again, but soon made impulse down, breaking it again, and now the Euro trades near the support line. In my opinion, the EUR can decline below the support line, after which the price will turn around and start to move up. For this reason, I set my target at the 1.0850 level. Please share this idea with your friends and click Boost 🚀

🔷Join my telegram channel for free - t.me/legionq8

💰About Premium Signals Group all details you can see here - t.me/legionq8/812
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.