Euro can rebound up from buyer zone to resistance line

15 giu

Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a not long time ago started to trades inside the upward channel, where it soon reached the support level, which coincided with the buyer zone and broke it. After this, the Euro made a correction to the support line of the channel and then rebounded up and continued to move up inside the channel. Later, the price reached a resistance level, which coincided with the seller zone, but at once turned around and fell a little lower. After this movement, the price reached the 1.0885 level again and then fell almost to the support line of the upward channel. Next, the Euro rebounded up and rose to the seller zone, but soon turned around and dropped to the 1.0685 level, thereby breaking the resistance level and exiting from the channel. Also, the price formed a gap, after which rose to the resistance line and then fell to the support level. Not a long time ago EUR started to grow, so, in my opinion, the price can fall to the buyer zone, and then rebound up to the resistance line. For this case, I set my TP at 1.0780 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀