Euro can bounce up of support level to 1.0845 points in channel

31 Mar

Hello traders, I want share with you my opinion about Euro. Some days ago price rebounded from the resistance line, which is located in the seller zone, and in a short time declined to the 1.0775 level, which coincided with the buyer zone, thereby breaking the 1.0890 level. After this, the EUR soon declined to the support line, breaking the support level too, but then the price turned around and started to rise. In a short time, the Euro reached a support level, broke it one more time, and continued to move up. After this, the price made a correction to the support line and then rebounded and made a strong impulse up to the resistance line, thereby breaking the 1.0890 level. But soon, the EUR turned around and soon declined to this level and even broke it again. As well then, the price continued to decline in a downward channel, where the Euro broke the support line too and later fell to the 1.0775 support level. But a not long time ago price rebounded and started to rise, so, I think that the Euro can rebound from the support level to the resistance line of the downward channel. For this case, I set my target at 1.0845 points. Please share this idea with your friends and click Boost 🚀