LegionQ8

Euro can continue to decline to 1.0725 support level

FX:EURUSD   유로 / 미국 달러
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago started to trades in a triangle, where it first rebounded from the 1.0725 support level, which coincided with the buyer zone and made a strong upward impulse to the resistance line, thereby breaking the 1.0920 resistance level. After this, the Euro turned around and fell to the seller zone, where it rebounded at once, and then tried to rise, but failed and declined lower than the 1.0920 level, breaking it one more time. Next, the price continued to fall, but one time it bounced up to the resistance line of the triangle, after which the price soon rebounded and declined to the support level. Then Euro tried again to rise but fell to the buyer zone, which soon it rebounded up to the resistance line of the triangle, making a fake breakout of the 1.0725 level. In a short time later, the price broke the resistance line, thereby exiting from the triangle pattern and then continuing to move up. But a not long time ago EUR turned around and started to decline. So, in my opinion, the Euro can grow to 1.0860 points, after which it will continue to fall to the 1.0725 support level, which is my TP. Please share this idea with your friends and click Boost 🚀
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