HelenP. I Euro will enter to resistance zone and then start fall

20 сент.

Hi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price reached the support zone, which coincided with the support level, and tried to break it, but failed and started to decline. Price declined to the trend line, after which started to move up inside the upward channel, where it at once rebounded from the trend line and rose to the resistance line of the channel, breaking the 1.0920 level. Next, the EUR some time traded near the support level and then made impulse up to the resistance line and even rose higher and some time traded then. Also, the price entered to resistance zone, but at once turned around and quickly backed to the upward channel, where it then fell to the trend line, which is the support line of the channel too. Then price broke this line, thereby exiting from the channel and breaking the trend line, after which continued to move up below this line. Just now, the EUR trades near the resistance level, so, in my mind, I think that EURUSD will enter to resistance zone. Then price can turn around and start to decline, therefore I set my goal at 1.1050 points. If you like my analytics you may support me with your like/comment ❤️