Euro will rise to seller zone and then drop to support line

Hello traders, I want share with you my opinion about Euro. At first, price was moving inside a downward channel, forming lower highs and lower lows. Each rejection from the resistance line pushed the price lower, and the structure remained bearish until the price reached the buyer zone near 1.1210 - 1.1185 points. A strong rebound from this area triggered a breakout from the channel, signaling a shift in market dynamics. After this breakout, the trend reversed and price started forming an upward channel, with clean impulses and structured corrections. Bulls began stepping in from higher support levels, and the market started respecting the new rising support and resistance lines. Now the price is approaching the seller zone at 1.1435 - 1.1460 points and has already shown signs of rejection from that area. Given this setup, I believe EURUSD may start to decline and fall back toward the support line of the upward channel. That’s why I’ve placed my TP at 1.1325 points, which aligns with the channel's support structure. Please share this idea with your friends and click Boost 🚀

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Great! Price started to decline, and I think it can continue to fall and reach my TP, which coincides with the support line of the channel.

LegionQ8

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LegionQ8

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