HelenP. I Euro can rebound from trend line and continue fall

21. Feb.

Hi folks today I'm prepared for you Euro analytics. Some time ago price traded near the resistance level, which coincided with the resistance zone, and later rose to the trend line and then turned around and started to decline. In a short time price declined below the 1.0860 level and a few moments trades below, after which the price backed up to the trend line and then made a strong impulse down to the support level, finally breaking the resistance level. After falling to the support level, which coincided with the support zone, the Euro at once renounced and tried to rise, but failed and made impulse down below the 1.0730 support level, and some time traded below this level. Soon, Euro rose back, higher than the 1.0730 level, making fake breakout, and then continued to move up to the trend line. But after it reached this line, the price bounced and started to fall. For my mind, the Euro will repeat and move up to the trend line and after reaching this line, the price can turn around and continue to decline to the 1.0730 support level. That's why I set my target at this level. If you like my analytics you may support me with your like/comment ❤️