Euro can bounce from resistance area to support line of channel

Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a few time ago declined to the support line, which coincided with the resistance area and 1.0860 level. But soon it started to rise near this line and later even made an upward impulse to the 1.1140 resistance level, which coincide with the seller zone. But after Euro reached 1.1275 point, it started to decline and in a short time fell below the support line, thereby breaking it again. Next, the Euro entered to downward channel, where the price declined to the current resistance level and a not long time ago broke it. Now Euro trades below the resistance area, and I think that it can rise to the resistance area and then rebound from this area and start to decline to the support line of the downward channel. Therefore I set up my target at the 1.0700 level. Please share this idea with your friends and click Boost 🚀