Long

Euro can fall to bottom part of range and then bounce up

Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price entered an upward channel, where it soon reached the support level, which coincided with the buyer zone and broke it. After this, EUR a little rose, after which made a correction movement to the support line of the channel and then in a short time rose to the resistance line of the channel. Then the price turned around, a little declined, after which continued to move up inside an upward channel. Later price exited from this channel, and even entered to seller zone, but soon turned around and started to trades in the range, making a fake breakout of 1.0870 resistance level. Inside the range, the price fell almost to the bottom part, after which rose back to the seller zone, but at once turned around and fell again. After which, EUR started to grow and in a short time rose to a resistance level and a not long time ago turned around and started to decline. Now I think the price can decline to almost the bottom part of the range and then rebound up to the seller zone. For this reason, I set my target at 1.0890 points, which is located in the seller zone. Please share this idea with your friends and click Boost 🚀

LegionQ8

🔷Join my telegram channel for free - bit.ly/4g4wovR

💰Want receive more profitable signals for Crypto & Forex market, write me PM 👉 bit.ly/4fNijD8

ThinkMarkets Ambassador Join & explore: bit.ly/3S4HwPq

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

LegionQ8

Also on: