Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price made strong upward impulse and broke several resistance levels on its way to the top.
Then it started to consolidate and formed a pennant pattern with a series of lower highs and higher lows.
Price touched upper boundary of the pattern and bounced down, showing weakness near resistance zone.
Recently Euro broke through the pennant support and tested $1.0790 level from above with no strength.
Now it trades slightly above the breakout point and stays below key trendline and local resistance area.
In my opinion, Euro can continue to decline and reach $1.0650 support level, exiting from pennant in the coming days.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price made strong upward impulse and broke several resistance levels on its way to the top.
Then it started to consolidate and formed a pennant pattern with a series of lower highs and higher lows.
Price touched upper boundary of the pattern and bounced down, showing weakness near resistance zone.
Recently Euro broke through the pennant support and tested $1.0790 level from above with no strength.
Now it trades slightly above the breakout point and stays below key trendline and local resistance area.
In my opinion, Euro can continue to decline and reach $1.0650 support level, exiting from pennant in the coming days.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
OK, price started to decline. So, I think it can continue to decline next.
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💎 We are provide daily Crypto and Forex (include Gold) signals.
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.