Euro can bounce of resistance level and start to decline

18 มิ.ย. 2023

Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price, after falling below the support area, at a short time back up and later bounced higher, breaking the current support level. After this price started to grow inside the upward channel, in which it rose to the seller zone and also broke the resistance level. Exiting from the channel price some time traded close to seller zone and later made a strong downward impulse to the support level, which coincide with the support area. But recently, Euro bounced up from this area and started to move up back up to the resistance level, where it continued to trade now. Possibly price can bounce down from the resistance level and start to decline to the current support level. Therefore I set two targets, the first target - 1.0880 level and the second - 1.0785 support level. Please share this idea with your friends and click Boost 🚀