Euro can rebound up to seller zone, breaking resistance levelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago rose a little and then made a strong downward impulse to the support level, which coincided with the buyer zone, breaking the 1.0740 resistance level. After this movement, the EUR turned around and started to rise inside the upward channel, where it firstly a little rose and then declined to the buyer zone. Price some time traded in this area and soon exited from it, making a fake breakout of 1.0625 level and then rose almost to the resistance line of the channel. But soon it turned around and declined to support line of the channel, after which rebounded up, making a fake breakout of the support level one more time. After this movement, the Euro in a short time rose to a resistance level, which coincided with the seller zone, and not a long time ago rebounded and started to decline. At the moment, I think that the EUR can almost decline to the support line of the channel and then rebound up to the seller zone, breaking the resistance level. So, that's why I set my target at the 1.0760 level, which is located in the seller zone. Please share this idea with your friends and click Boost 🚀
