Euro / Dollar AS
Pembelian

Euro can rebound up from support line to 1.1000 points

726
Hello traders, I want share with you my opinion about Euro. Looking at this chart, we can see that a few days ago, the price entered a range, where it immediately broke through the 1.0425 support level, which aligned with the buyer zone, and then moved to the upper part of the range. After trading near this area for some time, the price dropped back to the buyer zone, reaching the support line before starting to rise again. Soon, the Euro broke the 1.0425 level once more and later exited the range, continuing its upward movement. Not long after, the price climbed to the 1.0805 support level, which coincided with a support area. It traded around this level for a while before breaking through it as well. Following that, the Euro reached the resistance line, reversed, and corrected back to the support area, where it found support again. Recently, it rebounded and started moving upward. Given this, I expect a further rebound from the support line and a breakout above the resistance line. Based on this scenario, my TP is set at 1.1000 points Please share this idea with your friends and click Boost 🚀

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