Euro can make retest of resistance level and continue to fall
Hello my friends, today I want to talk to you about EURUSD.
I made a few conclusions about Euro.
Not time ago price made strong downward impulse from $1.05 to support line at $1.03 inside of downward channel.
Then, Euro bounce up to resistance line and made donward impulse again, thereby broke old support level.
Now, price trades near support line.
I expect that euro can make retest new resistance level and then continue to fall.
Also, price can break support line, therefore I set up my target at $1.0290 level.
I expect such a scenario.
This is an article not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.
I made a few conclusions about Euro.
Not time ago price made strong downward impulse from $1.05 to support line at $1.03 inside of downward channel.
Then, Euro bounce up to resistance line and made donward impulse again, thereby broke old support level.
Now, price trades near support line.
I expect that euro can make retest new resistance level and then continue to fall.
Also, price can break support line, therefore I set up my target at $1.0290 level.
I expect such a scenario.
This is an article not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.
