Euro can break resistance level and continue to move up
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Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price a few time ago declined to the current 1.0840 resistance level, which coincides with the resistance area, and at once bounced up to the resistance line. Then Euro started to decline near this line and in a short time fell back to the 1.0840 level. But soon it rebounded and made a strong upward impulse to 1.1270 points, thereby breaking the resistance line and 1.1120 resistance level, which coincide with the seller zone. After this movement price made a correction below this resistance level, and then it tried to back up but failed and continued to fall. Some time later Euro entered to downward channel, in which the price declined below the current resistance level, breaking it. But recently it rebounded from the downward channel, exited it, and now trying to break the current level. For this case, I think that the Euro can break this level, make a retest, and then continue to rise, thereofre I set my target at the 1.0960 level. Please share this idea with your friends and click Boost 🚀
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.