Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price fell to the level 1.0790, reversed and began to rise. The Euro broke through the resistance level 1.0910 and rose to the level 1.0970, from which it subsequently rebounded and began to decline. The price reached the support area 1.0845-1.0830, retested it and continued uphill. For a long time, the price move up and increased to the level 1.1075, where it created a seller zone. After retesting the seller's zone, the Euro formed a downward impulse, broke through the support line and continued to fall. Recently, the price tested the current support level 1.0910 and began to rise, broke through the resistance level 1.0970 and is now trading higher. I think that the Euro has made a deep correction and can continue to fall. Now the price is trading above the resistance level, and this can be a fake breakout, after which the Euro will continue to decline. In this case, I set the targets for the Euro at level 1.0940 and at the support level 1.0910. Please share this idea with your friends and click Boost 🚀
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.