HelenP. I Euro can break trend line and fall to 1.0800

24 cze 2023

Hi folks today I'm prepared for you Euro analytics. A few days ago price trades below the support zone, but on 3rd movement down it bounced and made a strong upward impulse to the resistance level, which coincide with the resistance zone, thereby breaking past the level with the support zone. But soon, Euro started to decline and a few time later, it bounced down from the resistance zone to back. And recently price bounced from the support zone again and started to rise close to the trend line and in at short time, Euro reached a resistance level again. Then price soon bounced down and started to fall to the trend line. At the moment Euro trades close to this line and I think that the price can fall to the trend line and try to break it. After a breakout, price can make a retest and then continue to fall. For this reason, I set my target at 1.0800 level. If you like my analytics you may support me with your like/comment