LegionQ8

Euro trades inside wedge and can fall to support line

Viés de baixa
FX:EURUSD   Euro / Dólar Americano
Hello traders, I want share with you my opinion about Euro. Looking at the graph, we can see how the price re-tested the seller zone, from which it begin to decline and formed the downward wedge. Euro created support area 1.0535-1.0525 that was re-tested and begin to grow, breaking the resistance line of wedge. Next, we see how the price has dropped again to the support area, which it has been re-tested and grown to the seller zone and thus formed upward wedge. Price has tested the resistance line of wedge, which coincide with the seller zone and has begin to decline. Currently, the price is below the resistance line and can continue to fall and reach the support line of wedge where I set the target at level 1.0670. Please share this idea with your friends and click Boost 🚀

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