FirstNameHelen

HelenP. I Euro can reach resistance level 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. A few time ago price rebounded from the 1.1000 resistance level, which coincided with the resistance zone, and started to decline to the 1.0800 support level, but when it reached this level, EUR broke it and fell lower to the trend line. After this, the price bounced from the trend line and in a short time rose to the support level, which coincided wit the support zone and soon broke it again. Later Euro rebounded from this level and made a strong impulse up to the resistance level, and even broke it, but at once fell back, making a fake breakout. Next, the price corrected to a trend line and then continued to move up near this line. A not long time ago it rebounded from the trend line and rose to the resistance zone, where it trades now. Possibly price can decline a little more and then rise to the resistance level and try to break it. After the breakout, the Euro can make a retest, or at once continue to move up, without a retest. That's why I set my target at the 1.1075 level. If you like my analytics you may support me with your like/comment ❤️

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