HelenP. I Euro can make small movement up and then start fall

24 авг.

Hi folks today I'm prepared for you Euro analytics. Some days ago price reached the support zone, which coincided with support 2 inside the upward channel, and after a small correction, it broke this level. Also, the price made a gap, after which rose to the resistance line, making a second gap and later corrected to support 2. After this movement, the Euro turned around and rebounded up from the trend line to support 1, but at once fell back to the trend line, thereby exiting from the channel as well. Price some time traded near the trend line and then made impulse up from this line to 1.1200 points, thereby breaking support 1, which coincided with one more support zone. Now, I expect that EURUSD will make one more movement up and then drop to the trend line. That's why I set my goal at 1.1120 points, which coincides with the trend line. If you like my analytics you may support me with your like/comment ❤️