Euro can reach resistance level and then start to decline

26 wrz

Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price declined to 1.0775 points, after which turned around and made a strong impulse up to the 1.1000 support level, which coincided with the support zone. Then the price rebounded from this level and made a small correction movement, and then continued to move up next. Soon, the price broke the 1.1000 level and made a retest, after which rose to the resistance level, which coincided with the seller zone. Next, EUR turned around and started to decline to support the level inside a triangle. And when it reached this level, which coincided with the support line of the triangle, the price turned around and rebounded. A short time later Euro reached the 1.1200 resistance level and some time traded near this level and even tried to break it, but failed and dropped below. So, in my opinion, the price can reach the resistance level again and then start to decline to support line of the triangle. After the price reaches this line, it can break it, thereby exiting from the triangle pattern and continuing to move down. For this case, I set my TP at 1.1060 points. Please share this idea with your friends and click Boost 🚀

27 wrz

Zlecenie aktywne

Great! EUR started to decline, so, I'm continue waiting when it will exit from the triangle and reach my TP

28 wrz

Zlecenie aktywne

Now BTC declining, after reaching a resistance level and rebounded. For this case, I think it can make a small movement up and then continue to decline to my TP(1.1060), exiting from triangle:

29 wrz

Zlecenie aktywne

So, waiting for Monday, the price can start to decline to my TP(1.1060), exiting from the triangle pattern.