HelenP. I Euro can rise from support zone higher than trend line

20 thg 6

Hi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some time ago declined to the resistance level, which coincided with the resistance zone, and started to trades near it. Later EUR reached the trend line, after which made a strong impulse down to the almost support level, thereby breaking the 1.0855 resistance level, later EUR turned around and rose to the trend line, which coincided with the resistance zone too. But soon, the price turned around, and in a short time declined lower support level, which coincided with the support zone, after which it quickly grew to this zone and some time traded inside. Then price broke the support level and made a retest, after which continued to trades near this level. Just now, I expect that the Euro will decline to the support zone, after which it rebound up to the trend line. After this, the price can break this line and then continue to rise, therefore I set my goal at 1.0780 points. If you like my analytics you may support me with your like/comment ❤️