HelenP. I Euro can reach resistance zone and then continue fall

3 Oca

Hi folks today I'm prepared for you Euro analytics. A few days ago price broke resistance level 2, which coincided with the resistance zone, and started to trades inside consolidation. In this pattern, the price rose to the top part and then at once made a correction movement to resistance 2. Then, the EUR some time traded near this level and then rebounded up to the trend line, which coincided with the top part of the range and then started to decline. In a short time, EURO declined to resistance 2, broke it, thereby exiting from consolidation as well and then some time traded between resistance 2. Later price dropped to resistance 1, which coincided with the resistance zone, and then started to grow to the trend line. Some time later it reached this line and then made impulse down to 1.0220 points, breaking resistance 1 too. Recently prices started to grow, so, in my opinion, EURUSD will reach the resistance zone and then continue to decline next. That's why I set my goal at 1.0240 points. If you like my analytics you may support me with your like/comment ❤️

4 Oca

İşlem aktif

Okay! Euro almost reaches the resistance zone. So, for this case, I expect that it will come to this area and then start to decline to my goal.

5 Oca

İşlem kapandı: hedefe ulaştı

So, I think that the price soon reach the resistance zone and then drop to my goal.