Euro can break resistance line and continue rise to 1.1140
1092
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a not long time ago traded inside the range, in which it declined to support line. After this price bounced up and made a strong upward impulse to the resistance line, thereby breaking two resistance levels 1.0920 - and 1.1140. But when Euro reached the resistance line, it rebounded down and fell firstly to the 1.1140 resistance level, which is located inside the seller zone. Then the price broke this level, decline more, and tried to back up, but failed and continued to decline to the support line near the resistance line. Also when the price declined to the support line, it broke it and fell to the 1.0920 support level, which coincided with the support area, but soon baked up, thereby making a fake breakout. After this, Euro rose to the resistance line and recently bounced of it and now trades close. Probably, the price can decline to support line again and then start to rise. I think that Euro can break the resistance line and continue to move up to the resistance level. Therefore I set up two targets, the first target at 1.1055, and the second target - at 1.1140 resistance level. Please share this idea with your friends and click Boost 🚀
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.