Euro will rise almost to resistance line and then continue fall

Sep 9

Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price entered to upward channel, where it at once made a first gap and then broke the 1.0780 level, which coincided with the buyer zone. Then price rose to the resistance line of the channel, making a second gap, after which turned around and in a short time declined to the support level, which coincided with the support line of the channel. After this movement, the Euro rebounded and continued to move up inside the channel, until it reached a resistance level. Price broke this level, which coincided with the seller zone, and then exited from the channel also, but when it reached the resistance line, EUR turned around and started to decline. Soon, the price broke the 1.1135 level and continued to decline, but recently price rose to this level, after which rebounded and continued to fall. Now, I think that the Euro can little rise, maybe almost to the resistance line, and then continue to decline next. For this case, I set my TP at 1.0920 points. Please share this idea with your friends and click Boost 🚀