LegionQ8

Euro break support of triangle and can continue to decline

做空
FX:EURUSD   欧元/美元
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price broke through the resistance at the level 1.0910, continued to rise, reached the level 1.1075 and formed the resistance area. Euro made a deep correction to the support level, continued the upward movement, retested the resistance area 1.1075-1.1090, bounce off and began to fall. Over time, the price created a descending triangle in which it traded for a long time. Not long ago, the Euro retested the resistance line of the triangle, bounced and began to fall. The price, formed downward impulse broke through the support area 1.0950-1.0940 and left the triangle. The Euro is currently trading below support for the triangle, but could rise, test the current resistance area and continue to decline. The price can continue downward, so the targets I set at the support level 1.0910 and at level 1.0880. Please share this idea with your friends and click Boost 🚀

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