EUR/USD will break through support and continue to kan'die

kemarin

If we look at the chart, we can see how the price fell to the trendline a few days ago and then immediately rebounded. Then the price reached the support level, which coincided with the support area, and even had a false breakout, and then fell below it. Next, the price broke through this level, retested it, and then continued to rise to the resistance level, which coincided with the resistance area. The euro entered the resistance area, but soon turned around and fell to the trendline, with a false breakout of the 1.1150 level. After a while, the price rebounded from the trendline and quickly fell back to the resistance area, breaking through the 1.1150 level again. The euro was trading around this level for a while, and fell to almost the support level a few minutes ago, thus breaking through the trendline resistance. For this scenario, I expect the euro to fall to the support level, then rise slightly, and then break through this level and continue to fall. Alternatively, it can immediately break through the support level and continue to fall without rising. This is why I set the target at 1.0800 points.

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