Euro / U.S. DollarShort
EURO - Price can leave wedge and decline to support level
Updated
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently price broke $1.0885 level and continued to decline inside falling channel, where it at once fell to support line.
Then price bounced to resistance line of channel and then declined to $1.0785 level and even broke it.
Price fell to support line, after which made upward impulse, thereby breaking $1.0785 level again and exiting from channel.
Next, Euro entered to wedge, made correction to support line, and then started to grow to resistance level.
A not long time ago, price reached this level, and some time traded near, but soon bounced down.
At the moment, I think EUR can make a rise movement and then fall to $1.0785 support level, exiting from the wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price broke $1.0885 level and continued to decline inside falling channel, where it at once fell to support line.
Then price bounced to resistance line of channel and then declined to $1.0785 level and even broke it.
Price fell to support line, after which made upward impulse, thereby breaking $1.0785 level again and exiting from channel.
Next, Euro entered to wedge, made correction to support line, and then started to grow to resistance level.
A not long time ago, price reached this level, and some time traded near, but soon bounced down.
At the moment, I think EUR can make a rise movement and then fall to $1.0785 support level, exiting from the wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade closed: stop reached
Euro turned around and rebounded up, making a gap. Also, it broke resistance level and now trades close to resistance line of wedge, so, for this case, I close this trade.
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