Euro can reach resistance level and then rebound down to 1.1080

16 Sep

Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price entered to downward wedge, where it at once rebounded from the resistance line, which is located in the seller zone, and started to decline. In a short time price fell to the support line of the wedge, and then tried to grow, but failed and continued to decline to the buyer zone. In the buyer zone, EUR reached the support line of the wedge and at once rebounded up, thereby exiting from the wedge and breaking also 1.1035 level. Then price continued to grow until it reached the 1.1135 resistance level, which it even tried to break but failed and made correction to the support level, and even lower. Later EUR entered to another wedge, where it fell firstly to the support line and then started to grow. In an upward wedge, the Euro rose almost to a resistance level, thereby breaking the 1.1035 level. At the moment, I think that the price reach a resistance level and then rebound down, thereby exiting from the wedge. Also then, the Euro will continue to decline, therefore I set my TP at 1.1080 points. Please share this idea with your friends and click Boost 🚀

17 Sep

Dagangan aktif

Euro exited from the wedge and even broke the resistance level. Now it trades inside the seller zone, so, in my opinion, EUR can make a small movement up and then start to decline to my TP(1.1080):

18 Sep

Dagangan aktif

Euro declined below the resistance level, breaking it again, and now it trades close. In my mind, the price can reach this level and then start to decline to my TP (1.1080).