Long

HelenP. I Euro can fall to support zone and then start move 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 reached support 1, which coincided with the support zone and then at once made impulse down to support 2. After this, the price fell to the support zone, which coincided with support 1 and tried to rise, but later EUR turned around and declined more to the trend line, breaking support 2. Then price rebounded from the trend line and in a short time reached support 1, breaking it again and then making retest. After this movement, the Euro continued to move up and some time ago almost reached support 1, but then it declined back to the trend line. Price some time traded near this line and later made impulse up to support 1. Also, the price traded in a triangle pattern, but after impulse up to support 1, it exited from this formation and soon broke support 1. Then EUR entered to support zone, but soon price made a correction, after which the EUR made impulse up again. So now, I expect that the Euro will fall to the support zone and then rebound up. That's why I set my target at the 1.0985 level. If you like my analytics you may support me with your like/comment ❤️

FirstNameHelen

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FirstNameHelen

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