Euro can continue to fall and reach support line of triangle
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can observe how the price bounced from the level 1.0830 and began to fall. Euro after a small upward correction formed a resistance area 1.0775-1.0790 and continue to move. Subsequently, the price broke through the level 1.0725 and dropped to the level 1.0635, from which it bounce off and began to rise. Over time, the Euro formed an upward triangle in which it is currently trading. We see how the price bounced off the resistance area began to fall and, after making a correction, reached the support line. After the fake breakout the support line of the triangle, the Euro continued its upward movement and, after a small downward correction, formed the buyer zone 1.0700-1.0690. The price retested the buyer zone, continued to rise and broke through the level 1.0725. Not so long ago, the Euro reached the resistance area and, after a retest, began to decline Currently, the price is trading below the resistance area and can continue to fall. I think the price could drop to the buyer zone, which coincide with the support line of the triangle. In this case, I decided to set the target for the Euro at level 1.0725 and in the zone 1.0700-1.0690. Please share this idea with your friends and click Boost 🚀
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