EURO - Price can bounce up from support line of pennant
Updated
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in commentsđź‘Š
Some time ago price bounced from $1.0810 level and rose to $1.0935 points, making a first gap.
After this, price turned around and started to decline inside pennant, where it first broke $1.0810 level.
Then price tried to grow, but failed and soon fell to $1.0515 level, which later broke too and fell to $1.0330 points.
But then, Euro turned around and bounced up, making a second gap, and started to trades inside resistance area.
Also, the price rose to resistance line of the pennant, but recently it fell back and now EUR continues to trades near support line.
I think that price can bounce up from support line to $1.0680, breaking resistance level, and leaving pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price bounced from $1.0810 level and rose to $1.0935 points, making a first gap.
After this, price turned around and started to decline inside pennant, where it first broke $1.0810 level.
Then price tried to grow, but failed and soon fell to $1.0515 level, which later broke too and fell to $1.0330 points.
But then, Euro turned around and bounced up, making a second gap, and started to trades inside resistance area.
Also, the price rose to resistance line of the pennant, but recently it fell back and now EUR continues to trades near support line.
I think that price can bounce up from support line to $1.0680, breaking resistance level, and leaving pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade closed manually
Price exited from pennant pattern, breaking resistance level, too. After this, it almost reached my target, but when it rose to $1.0630 points, EUR turned around and declined below the $1.0515 level, breaking it again. So, I close this trade.
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