Euro / Dolar USA
Long

Euro has tested buyer zone and can began to rise

1746
Hello traders, I want share with you my opinion about Euro. Watching the Euro, we see how the price has been moving up for a long time. The price reached the level 1.1075, from which it decreased and traded lower for some time. Subsequently, the price continued to rise and formed a resistance zone 1.1075-1.1095, which was retested and began to fall. Euro continued to decline, creating Elliott waves. The price dropped to the level of 1.0940 (1st wave), after which it made an upward correction (2nd wave), continued to fall and broke through it. Euro continued to decline, broke through the level 1.0830 (3rd wave) and after the upward correction (4th wave), the price decreased and re-tested the seller zone (5th wave). Not so long ago, the price after retest, has risen and is now trading above the seller zone 1.0725-1.0700. Euro can continue upward and rise to the current resistance level. So, I decided to set the targets at level 1.0780 and at level 1.0830. Please share this idea with your friends and click Boost 🚀

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