HelenP. I Euro will continue to fall to support line of channel
Hi folks today I'm prepared for you Euro analytics. Some time ago price reached the support level, which coincided with the support zone, and soon broke this level, made a retest, and continued to move up. In a short time, EUR rose to a resistance level, which coincided with the resistance zone and even rose higher to the trend line, breaking the resistance level. But soon, the price turned around and started to decline in a downward channel, where it at once broke the 1.0865 level, and fell below, but soon it backed up and reached the trend line again. Later price finally broke the resistance level and continued to decline to the support line of the downward channel, after which the Euro rebounded and rose to the resistance zone, which coincided with the trend line, which is the resistance line of the channel too. But recently price rebounded from this line and started to decline. Just now, I expect that the Euro will make a small move up to the trend line and then continue to decline. For this reason, I set my goal at 1.0800 points, which is located near the support line of the downward channel. If you like my analytics you may support me with your like/comment ❤️
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