EURO - Price can break support level and continue to move down
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price started to decline and it entered to wedge, where it first fell to support line, breaking $1.0920 level.
After this, Euro soon backed up, breaking $1.0920 level again, and then reached resistance line of wedge.
Then price started to decline in falling channel, where it exited from wedge and even later broke $1.0920 level.
In channel, EUR declined until to $1.0770 support level, which is located in support area and recently it bounced up from it.
At the moment Euro trades near support area and possibly price can make a little movement up and then bounce down.
Also, Euro can break $1.0770 support level and continue to fall to the $1.0770 support line of channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price started to decline and it entered to wedge, where it first fell to support line, breaking $1.0920 level.
After this, Euro soon backed up, breaking $1.0920 level again, and then reached resistance line of wedge.
Then price started to decline in falling channel, where it exited from wedge and even later broke $1.0920 level.
In channel, EUR declined until to $1.0770 support level, which is located in support area and recently it bounced up from it.
At the moment Euro trades near support area and possibly price can make a little movement up and then bounce down.
Also, Euro can break $1.0770 support level and continue to fall to the $1.0770 support line of channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️