LegionQ8

Euro can little correct and then make impulse up to seller zone

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LegionQ8 Atualizado   
FX:EURUSD   Euro / Dólar Americano
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the current support level, which coincided with the support area and rose to the resistance level, but then it rebounded and started to decline in the wedge. Euro in a short time declined until to support line, breaking the 1.0900 and 1.0780 levels, but later EUR bounced from this line of wedge and made an upward impulse to the current support level, exiting from the wedge pattern and breaking the 1.0780 support level again. After this, the price started to rise in an upward channel, and later it reached the resistance line of the channel, breaking the 1.1010 resistance level, which coincided with the seller zone. But after this, the Euro rebounded from the resistance line and made a strong downward impulse to the current support level, thereby exiting from the upward channel and breaking one more time resistance level. Recently EUR rolled up from 1.0900 support level and started to rise. For this case, I think the Euro can make a little correction, after which the price will rebound up to the seller zone, breaking the resistance level. So, I set my target at the 1.1035 level, which is located in the seller zone. Please share this idea with your friends and click Boost 🚀
Comentário:
Recently price made little correction movement, and now I think the Euro will make impulse up to the seller zone


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