FirstNameHelen

HelenP. I Euro, after exiting from wedge can continue move up

Long
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 a few days traded near support 2, which coincided with the support zone. But also, EUR fell below this level and last time it around and rose higher than support 2, breaking this level again. Next, the price made a correction to this level and later made an upward impulse to support 1, which coincided with the support zone too, but at once price rebounded and fell to the trend line. As well, the Euro started to trades in a wedge, where, after falling to the trend line, it rebounded and started to rise to support 1. After the price reached this level, the EUR broke it and even later rose higher than the support zone. Now it trades near the resistance line of the wedge. For my mind, the Euro can decline a little and then rebound up, thereby finally exiting from the wedge. For this reason, I set up my target at the 1.1130 level. If you like my analytics you may support me with your like/comment ❤️

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