HelenP. I Euro will exit from pennant and fall to $1.0675 level
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 declined to the support level, which coincided with the support zone, and then at once started to grow. EUR in a short time reached a resistance level, which coincided with the resistance zone, and some time traded near this level, after which quickly declined to the 1.0675 support level. After this movement, the price at once rebounded to the resistance level and then dropped to the trend line. Then it turned around and started to grow inside the pennant, where it formed a gap pattern and then rose higher than the resistance level, breaking it. Next, EUR reached the resistance line of the pennant and at once made an impulse down to the trend line, breaking 1.0745 one more time. Just now, the price trades very close to the trend line, which is the support line of the pennant also. For this reason, I expect that EURUSD will rise a little and then drop to the support level, thereby exiting from the pennant pattern. That's why I set my goal at 1.0675 level. If you like my analytics you may support me with your like/comment ❤️
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