HelenP. I Euro will break trend line, make retest and rebound up
Hi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some time ago reached the support level, which coincided with the support level. Soon, EUR broke this level, made a retest, and at once made an impulse up to the resistance level, but when it reached the 1.0900 level, it made a small correction movement. After this, the price rose to the resistance zone, breaking the 1.0900 level and forming a gap, after which little declined and then made impulse up to the trend line. Then Euro turned around from this line and quickly declined lower the 1.0900 level, breaking it one more time. Next, the price made a retest, after the breakout, after which dropped to the 1.0835 support level. Price some time traded near this level and not long time ago rebounded up to the trend line, where continues to trades very close to this day. For my mind, EURUSD will decline a little more and then rebound up, higher than the trend line. After this movement, the price can make a retest, or at once continue to grow to almost resistance level, without a retest, So, for this case, I set my goal at 1.0890 points. If you like my analytics you may support me with your like/comment ❤️
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