FirstNameHelen

HelenP. I Euro will fall to trend line, breaking support level

Short
FX:EURUSD   Euro / U.S. Dollar
Hi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price a not long time ago rebounded from support 2, which coincided with the support zone and declined to almsot trend line, and then it started to grow inside the upward channel. Inside the channel, EUR soon broke support 2 and rose almost to the resistance line of the channel, but then the price turned around and made a correction movement to the trend line. Euro some time traded near this line, which is the support line of the channel too, and later finally broke support 2 and continued to move up. Soon, the price reached support 1, which coincided with one more support zone, but at once rebounded and in a short time declined lower than the trend line to support 2, thereby exiting from the upward channel and breaking the trend line. But soon, the Euro turned around and made a strong impulse up to support 1, breaking the trend line again and recently EUR broke support 1 too. Just now, the price is declining, so, in my mind, the Euro will continue to fall to the trend line, thereby breaking the support level. For this case, I set my target at 1.0710 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️

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