HelenP. I Euro will leave pennant and continue to move up
Hi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price declined to the resistance level, which coincided with the resistance zone, and even declined below this level, breaking it. Then, the EUR some time traded below this level and later rose higher, breaking it again and reaching the trend line, after which made a downward impulse and broke the 1.0840 level one more time. As well, the price continued to decline inside the downward pennant, where it some time later fell to the support level, which coincided with the support zone. Later, Ethe UR broke this level and fell to the support line of the pennant and then rebounded up, breaking the 1.0465 level again, making a gap as well. Next, the price made a retest of the support level and then some time trade near this level, after which later rebounded up to the trend line, which is the resistance line of the pennant also. After this movement, it turned around and dropped to the support level. For this case, I expect that EURUSD will reach the trend line and then correct to the support level, after which it start to grow, thereby exiting from the pennant pattern. When the price leaves this pattern it can continue to grow, so, I set my goal at 1.0640 points. If you like my analytics you may support me with your like/comment ❤️
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