Euro can fall to 1.0920 support line of a downward channel

Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price a not long time ago traded between 1.0845, which is located in the buyer zone, and 1.1000 current support level. But when the price declined one more time to the buyer zone and reached the resistance line, it bounced up and made a strong upward impulse, thereby breaking the 1.1000 and 1.1155 levels and also the seller zone. After this movement, Euro entered to downward channel, in which it declined below the 1.1155 resistance level, with the seller zone, and a few time later broke the support line too. Then the price fell to the support line of the channel, breaking the 1.1000 support level, but recently it rebounded of the support line and rose higher than this level. At the moment I think that Euro can reach the resistance line of the downward channel and then the price bounced down, thereby breaking the support level. Therefore I set up my target at the 1.0920 level, which coincides with the support line of the downward channel. Please share this idea with your friends and click Boost 🚀