FirstNameHelen

HelenP. I Euro can make little movement down and then bounce up

לונג
FX:EURUSD   יורו / דולר אמריקאי
Hi folks today I'm prepared for you Euro analytics. Some time ago, the price reached a 1.1020 resistance level, which coincide with the resistance zone, but at once it bounced and made correction. Later Euro rose to a 1.1020 resistance level again, and even broke it and entered to resistance zone. But soon it rebounded from the resistance zone and fell below. Then the price rose to the trend line and at once made impulse down to the 1.0875 level, which coincide with the support zone. A few moments later Euro bounced from this level to the trend line and after the price reached this line, it bounced below the 1.0875 level, thereby breaking it and now Euro trades in the support zone. Possibly price can decline more and then rebound from the support zone and try to break the resistance level, which coincides with the trend line. After breaks, Euro can make a retest and then continue to move up. For this case, I set up my target at the 1.0930 level. If you like my analytics you may support me with your like/comment ❤️

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