HelenP. I Euro can break resistance level and then make retest

28 de jun. de 2023

Hi folks today I'm prepared for you Euro analytics. A few days ago price declined to the resistance zone, which coincide with the resistance level. After this price try to rise, but failed and at a short time declined and first fell to the support level, which was located inside from support zone. Rather Euro broke this level and bounced down to the trend line. But soon the price bounced from the trend line and made a strong upward impulse to the resistance level and later even rose higher of it. A not long time ago price made a correction to the trend line and then bounced back. Now it continues to trade very close resistance level and I expect that Europ can decline a little and then bounce up to the resistance zone, thereby breaking the resistance level. After these movements, the price can maybe make a retest and continue to move up. For this case, I set up a target at the 1.1025 level. If you like my analytics you may support me with your like/comment ❤️