Euro / U.S. Dollar
Short

EURO - Price can break support level and fall to $1.0705

602
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊

A few days ago prise started trades inside falling wedge and declined to $1.0670 point.

Also, Euro broke $1.0830 support level and fell below to $1.0535 level.

Next, price left wedge and started moving inside rising channel.

Inside channel Euro made fake breakout to support level, but later backed up.

After channel, price fell to support line and bounced up to $1.0935 point, but at once declined back.

Recently Euro broke $1.0830 level and now trades close.

In my mind, Euro can break this level again, make retest and continue to move down to $1.0705

If this post is useful to you, you can support me with like/boost and advice in comments❤️

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.