Euro can rebound from resistance level to 1.0670 support level

1 lipHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price started to grow inside the upward channel, where it at once rebounded from the resistance line to the 1.0670 support level, after which it bounced and continued to grow. In a short time, the price rose to the 1.0800 resistance level, which coincided with the seller zone and soon broke this level and later reached the resistance line of the channel. After this, the Euro rebounded from this line and exited from the channel, starting to trades inside range. Inside the range, the price declined to the seller zone and even made a fake breakout of the 1.0800 resistance level, after which quickly rose to the top part of the range, turned around, and then made a strong downward impulse. Euro exited from the range, broke the 1.0800 level, and even formed the first gap, after which the price little declined and then bounced up to the resistance line. After this movement, the EUR started to decline and in a short time fell to the 1.0670 support level, which coincided with the buyer zone and some time tired to grow, but only third try it make an upward impulse and rose higher than the resistance line. At the moment, the price continues to move up, so, in my opinion, the Euro can reach a resistance level and then start to decline to the 1.0670 support level. For this case, I set my TP at this level. Please share this idea with your friends and click Boost 🚀

2 lip

Komentarz

Great! Price started to decline, so, I still continue to wait until it declines to support level, where is located my TP