Euro, after long correction, can continue to rise in channel

3 gen

Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago price traded near the 1.0535 support level, which coincided with the buyer zone, after which it rebounded and entered to upward channel. In the channel, the Euro made an upward impulse from the support line and rose to the current support level, which coincided with the seller zone and even later broke it and reached the resistance line. But soon, the price rebounded and declined below the 1.0915 level, making a fake breakout, after which the EUR quickly declined to support line of the channel. Then, the price rebounded from this line and repeated movement up to the current support level, and this time, the price finally broke the 1.0915 level and continued to move up. Euro rose to 1.1135 points and then bounced down to the seller zone. At the moment, the price continues to trades in this zone very close to the support level, and possibly, the Euro can rebound from this level and start to rise. For this reason, I set my target at the 1.1100 level in the upward channel. Please share this idea with your friends and click Boost 🚀