Short

HelenP. I Euro will drop below support level, breaking it

Updated

Hi folks today I'm prepared for you Euro analytics. In the chart, we can see how the price some time ago rose to the trend line, after which started to decline. In a short time, the price dropped to the resistance level, which coincided with the resistance zone, and later broke this level, after which it declined and little more and then tried to back up. Also, the Euro made a first gap, after which reached the trend line in the resistance zone and then dropped, breaking the 1.0900 level again. Next, the price continued to decline inside the triangle form, where it fell to the support level, which coincided with the support zone. Later Euro broke this level and declined to 1.0325 points, but at once turned around, made a second gap, and broke the 1.0520 level again. After this, the price some time traded between this level, but now it rising higher than it. For this case, I expect that EURUSD will rise more and then drop below a support level, breaking it one more time. That's why I set my goal at 1.0420 points. If you like my analytics you may support me with your like/comment ❤️

Trade active

Okay! Euro almost declined to support line of the triangle. So, I think that it will exit from this pattern, fall to the support level, and break it. After this, price can make a retest and then continue to fall to my goal.

Trade closed: target reached

Okay, soon the price can reach the support level and then it breaks it. After this, I expect that Euro makes retest and then drop to my goal.

FirstNameHelen

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