FirstNameHelen

HelenP. I Euro can fall to trend line and try to break it

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FX:EURUSD   欧元/美元
Hi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price declined to resistance 1, after which at once rebounded and rose to almost resistance 2, but then it fell to the trend line. Then price rebounded from this line and broke resistance 2, which coincided with the resistance zone, after which the price some time traded near this area. Later Euro turned around and fell lower resistance 2, breaking it again, but then it tried to back up, and rose to the resistance zone. But the price in a short time turned around and fell to resistance 1, which coincided with the support zone and trend line, after which rebounded and tried to rise more. Price failed and soon declined back to resistance 1 and recently broke it, after which fell to the trend line. But a not long time ago EUR backed up to the support zone, where at the moment price continues to trades inside. For my mind, the Euro will rise to resistance 1 and then continue to decline to the trend line, which maybe try to break, and after this price can decline more. Therefore I set my target at the 1.0725 level. If you like my analytics you may support me with your like/comment ❤️

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