Euro can break support level and fall to 1.0730 support line

Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price recently bounced from the support line to the 1.0860 support level, which is located in the buyer zone. And soon Euro broke this level and continue to rise to the resistance line, but after it reached this line, the price rebounded and started to fall back. Price declined to the support line, and at once it bounced and made a strong upward impulse to 1.1140 resistance level, which coincides with seller zone, thereby breaking resistance line. Euro rose to 1.1275 point and then entered to downward channel, in which the price broke the 1.1140 resistance level and fall to the 1.0860 support level. As well a few moments ago, the price bounced from the support level and started to rise. For this reason, I think that Euro can make a little movement up and then rebounded down to support the line of the downward channel, thereby breaking the 1.0860 support level. That's why I set up my target at the 1.0730 level, which coincides with the support line of the channel. Please share this idea with your friends and click Boost 🚀