EURO - Price can fall to support line of channel and bounce up
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A not long time ago price entered to downward wedge, where it broke $1.0850 level and fell to support line.
After this movement, EUR turned around and made upward impulse to resistance area, exiting from wedge pattern.
But soon, price exited from resistance area, breaking $1.0850 level again, and declined lower than $1.0670 level, breaking it too.
Euro some time traded near this level in support area and later broke it again, after which continued to move up in channel.
Inside rising channel, price rose to resistance line, but a few moments ago bounced and started to fall.
Possibly, Euro can fall to almost support line and then bounce up to $1.0830 resistance line of channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago price entered to downward wedge, where it broke $1.0850 level and fell to support line.
After this movement, EUR turned around and made upward impulse to resistance area, exiting from wedge pattern.
But soon, price exited from resistance area, breaking $1.0850 level again, and declined lower than $1.0670 level, breaking it too.
Euro some time traded near this level in support area and later broke it again, after which continued to move up in channel.
Inside rising channel, price rose to resistance line, but a few moments ago bounced and started to fall.
Possibly, Euro can fall to almost support line and then bounce up to $1.0830 resistance line of channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️