Euro can rebound up from wedge to 1.1120 resistance level
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price rose inside the upward channel, where it reached the buyer zone, which coincided with the support level and some time traded in this area. Then, the price broke the 1.0830 level and soon reached the resistance line of the upward channel, after which turned around and in a short time declined to the support line of the channel and at once made impulse up, making a fake breakout of the 1.0830 support level. Next, the price continued to move up and later reached a resistance level, which coincided with the seller zone. After this, the price exited from the channel and broke even 1.1120 level, and then rose a little higher seller zone, but soon turned around and started to decline inside the wedge. In this pattern price broke the resistance level and declined to the support line, after which at once rebounded up to the 1.1120 level and then continued to decline. Now Euro trades near the support line of the wedge and in my opinion, it can rebound up from this line to the resistance level, thereby exiting from the wedge pattern. That's why my TP is located at the 1.1120 level. Please share this idea with your friends and click Boost 🚀
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