EURUSD analysis strategy and operation

4 hari lalu

We can see how the price enters the ascending channel, where it immediately breaks through resistance level 2 and falls to the support line of the channel. Then the price rises back to resistance level 2, breaks through it, and trades inside the resistance zone for a while, after which it rebounds and grows to almost the resistance line of the channel. The euro continues to rise inside the ascending channel until it reaches the trendline, after which it turns around and starts to fall. In a short period of time, the price exits the ascending channel, then falls to resistance level 2 and breaks through it. Below this level for a while, the euro continues to fall and reaches resistance level 1, which coincides with another resistance zone. The price trades in this zone for a while, later breaks through resistance level 1 and falls below it, but not long ago it rose to the trendline, then rebounded and fell. So, in my opinion, EUR/USD will grow to the resistance zone, then continue to fall, breaking through the trendline again. That's why I set the target at 1.0840 cents.

3 hari lalu

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