Euro can rise to resistance level and try to break it
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Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price recently traded inside the big range, which coincides with the resistance area. Also, the price made a fake breakout of the range and then bounced down to the support line. After this price rebounded from the support line and made a strong upward impulse to the 1.1140 resistance level, thereby breaking the 1.0965 current resistance level, but soon price continue to grow and broke the 1.1140 level too, which coincided with the seller zone. Euro reached 1.1270 point and then started to decline until below the 1.1140 level, but after this movement, the price tried to back up and reached the resistance line. Then Euro declined more to the support line, and later it rebounded up to the resistance line. As well recently price broke the resistance line, rose to 1.1065 point, and bounced down below 1.0965 current resistance level, thereby breaking it and making a retest of the resistance line. Now euro continue to trade near this line and I think that price can bounce from the resistance line to the resistance level and try to break it. If the price breaks this level, it can make a retest or at once continue to rise, without a retest. For this case, I set up my target at the 1.1060 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.