Hello traders, I want share with you my opinion about Euro. In this chart, the price started to grow, bouncing from the support line, and soon reached the support level, which coincided with the buyer zone. Then it declined to support line, making the correction and then made an impulse up from this line to the resistance level, breaking the 1.1070 level. After this movement, the Euro made a correction and then continued to grow and broke the resistance level, which coincided with the seller zone, and even rose higher than the seller zone. But soon Euro turned around and started to decline and broke the 1.1455 level again, after which it declined to the support line inside the range. Price little grew near this line, but later broke the support line and continued to decline. It fell to the support level, which is the bottom part of the range, and then started to grow. Euro later reached the top part of the range, which is the resistance level, and not long time ago turned around and started to decline. So, after looking for this chart, I think that the Euro may enter to seller zone and then continue to decline inside the range. For this case, I set my TP at 1.1250 points. Please share this idea with your friends and click Boost 🚀
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
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Price almost reached seller zone. When this happen, I think it can turn around and start to decline.Trade closed manually
Price continues to trades inside range.
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Disclaimer
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