Euro can break support level and continue to decline

2024年10月10日

Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago entered to pennant, where it at once made an upward impulse from the support line to the support level, which coincided with the support area. Then it rose higher than the 1.0930 level, but soon fell back to the support area, where some time traded and then finally broke the 1.0930 level. Next, EUR continued to move up to the resistance level, which coincided with the seller zone, and even broke it and reached the resistance line of the pennant. But after this, the price turned around and in a short time declined to support line of this pattern, breaking the 1.1105 level again. Later, EUR quickly rose back to the resistance line, but soon turned around and made an impulse down to the 1.0930 support level, thereby exiting from the pennant and breaking the resistance level one more time. Also recently, the price rebounded from the support level and started to grow. For this case, I think that the EUR can rise a little more and then break the support level and continue to decline. That's why I set my TP at 1.0850 points. Please share this idea with your friends and click Boost 🚀

2024年10月11日

交易進行

Euro still trading near support level, for this reason, I continue waiting when it break this level and fall to my TP.