RLinda

EURUSD ! Price in the cumulative flat. Rollback from support

Largo
FX:EURUSD   Euro/Dólar estadounidense
Upon breakdown of the descending channel, EURUSD forms a distributive movement and breaks through the level of 1.0655, after which the currency pair enters a consolidation phase between resistance 1.0745 and support 1.0655.

Accumulative flat allows you to collect energy for further movement. An important nuance is the main so that support is not broken and the price does not go down.

I suppose, since the trend is growing, the price rolls back from the support and the eurusd rises along the trend. Short-term target - the upper limit of the range 1.0745

Sincerely, R. Linda!

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