HelenP. I Euro can continue to decline in downward channel
Hi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some days ago declined to the support level, but soon broke it and fell even lower support zone. After this movement, the EUR in a short time rose higher at 1.0775 level, but soon fell back. Then the price turned around and at that moment it rose higher than the 1.0775 level, breaking it one more time, and continued to move up to the resistance level, which coincided with the resistance zone and trend line. Soon, the Euro broke the 1.0930 level, and some time traded in the resistance zone, after which turned around and started to decline in a downward channel, where the price at once broke the resistance level again. Next, the EUR declined to the trend line and then rebounded up to the 1.0930 level, after which in a short time it declined to the support level. But recently, the Euro bounced up and is now traded near, so, I expect that the price will rise a little more and then continue to decline in a downward channel, thereby breaking the support level. For this case, I set my target at the 1.0750 level. If you like my analytics you may support me with your like/comment ❤️
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