Long

HelenP. I Euro can make little correction, after which bounce up

Hi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price some days ago price entered to consolidation, where it reached resistance 2, which coincided with the top part of the range and resistance zone. After this movement, EUR turned around and made an impulse down to resistance 1, which coincided with the bottom part of consolidation but soon turned around and in a short time rose back to resistance 2. Soon, the price broke this level, thereby exiting from consolidation too and later reaching the trend line. After this movement, the Euro started to decline and in a short time fell below resistance 2, breaking it one more time and continued to fall. Later price turned around and made impulse up to resistance 2, breaking the trend line, but then it at once rebounded and backed up. As well soon, the price broke resistance 1, which coincided with one more resistance zone and even declined lower this area. But recently price rose to the trend line and now trades close. For this case, I expect that the Euro will make one more little movement down and then start to move up to the resistance level, breaking the trend line. That's why I set my target at the 1.0700 level. If you like my analytics you may support me with your like/comment ❤️

FirstNameHelen

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FirstNameHelen

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