EURO - Price can continue decline to $1.0630 in falling channel

WalterMoon의
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊

Some days ago price entered to wedge, where it at once broke $1.0850 level and fell to support line of wedge.

Then price in a short time rose to resistance line, breaking $1.0850 level again, but soon it made downward impulse.

Price exited from wedge, broke $1.0850 level again, and fell to $1.0735 level, which coincided with resistance area.

After this, Euro bounced up to $1.0850 level, after which started to decline inside falling channel.

In channel, price fell lower $1.0735 level, thereby breaking it, and now EUR trades close to support line.

Possibly, price can rise to resistance area, after which Euro turn around and continue to fall to $1.0630 in channel.

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EUReuroEURUSDParallel ChannelSupport and ResistanceWedge

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