FirstNameHelen

HelenP. I Euro will fall a little more, and then start to grow

Long
FX:EURUSD   Euro / U.S. Dollar
Hi folks today I'm prepared for you Euro analytics. Some time ago price rebounded down from the trend line and soon entered to consolidation, thereby breaking resistance 2, which coincided with the resistance zone. After this, EUR some time traded near this level, after which it rose to the trend line and then declined lower from this line. In a short time price declined until to one more resistance zone, but soon rebounded and made a fake breakout of the trend line and fell to the resistance zone again, which coincided with resistance 1. Later price tried to rise, but failed and continued to decline lower, until it fell to resistance 1, after which it made little impulse up, higher than the trend line, and then fell back to resistance 1 and soon broke this level. Also, the Euro exited from consolidation and continued to decline. For my mind, the price will decline to 1.0715 points, after which the Euro can turn around and start to move up to the resistance level, which coincides with the trend line. So, for this case, I set my target at the 1.0800 level. If you like my analytics you may support me with your like/comment ❤️

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