HelenP. I Euro will rise a little and then drop to support level

4 apr

Hi folks today I'm prepared for you Euro analytics. After breaking the structure of the previous downtrend, Euro showed a powerful bullish impulse, which allowed the price to exit the downward channel and move confidently higher. This breakout was supported by the trend line, which began to act as dynamic support throughout the rise. The bullish movement reached a local high near the 1.11 area before losing momentum. Soon after reaching that high, the price began to decline, pulling back to the area of the trend line and testing the support zone between 1.0950 and 1.0970. This zone aligns with Support 1 at the 1.0950 level and was already tested multiple times in recent price action. Although the trend line provided some temporary support, the strength of buyers has clearly faded. Currently, EUR/USD is trading just above the trend line, but price action suggests pressure is shifting back to the downside. Given the rejection from higher levels and the repeated tests of support, I expect the pair to decline further toward the 1.0950 target — my current goal. If you like my analytics you may support me with your like/comment ❤️

5 apr

Trade attivo

Amazing! The euro reached my first goal, breaking the trend line. Now, I expect that EUR will rise a little and then continue to decline to my second goal - 1.0860 points, breaking support level: