FirstNameHelen

HelenP. I Euro will rebound down from resistance zone

Short
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 some days ago fell to the support level, which coincided with the support zone, and at once rebounded from this level and made a strong impulse up to the 1.0885 resistance level. Soon, the price broke this level, which coincided with the resistance zone and even later rose higher in this zone, but soon turned around and little declined. Next, the price reached the trend line, after which the Euro rebounded and fell lower resistance level, breaking it one more time. But after this movement, the EUR turned around and made an impulse up to the trend line, after which it in a short time back, made a fake breakout of the 1.0885 level. Then price continued to decline to the support level and even it reached the 1.0765 level, the Euro fell lower support zone, but soon turned around and made a strong impulse up to the resistance level, breaking the support level again. Now, the price continues to trades near the 1.08850 level and I expect that the Euro will enter to resistance zone and then rebound down. So, for this case, I set my target at the 1.0840 level. If you like my analytics you may support me with your like/comment ❤️

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