Euro can rebound down from resistance level to support line

Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few time ago bounced from the support line and made an upward impulse to the resistance level, thereby breaking the 1.0500 support level, which coincided with the buyer zone. After this movement, in a short time happened gap, and then price a little decline. Then Euro continued to rise and rose higher than the 1.0605 resistance level, which coincided with the seller zone. But soon, the price turned around and started to fall. And then Euro broke the resistance level again, fell to the support line, broke it too, and entered to upward channel, in which the price first declined to the support level. Inside the channel, the price rose until to the resistance level, but a not long time ago it rolled down from this level and now trades near. In my mind, the Euro can rise to the resistance level and then rebound down to the support line of an upward channel. For this reason, I set up my target at the 1.0550 level, which coincided with this line. Please share this idea with your friends and click Boost 🚀