Euro / U.S. DollarShort
EURO - Price can make move up and then continue to decline
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price rose to $1.0935 points, making a first gap, and then dropped to $1.0630 level in pennant.
Soon, price broke this level, which coincided with resistance zone, and some time traded below $1.0630 level.
Euro fell to support line of pennant, breaking $1.0400 support level but soon backed up and even made a second gap.
Next, price continued to grow to resistance line of pennant, which coincided with resistance level and then bounced down.
Later price fell to support zone, exiting from pennant and breaking $1.0400 level, which continues to trades to this day.
In my mind, Euro can rise a little higher than $1.0400 level and then continue to decline to $1.0250
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price rose to $1.0935 points, making a first gap, and then dropped to $1.0630 level in pennant.
Soon, price broke this level, which coincided with resistance zone, and some time traded below $1.0630 level.
Euro fell to support line of pennant, breaking $1.0400 support level but soon backed up and even made a second gap.
Next, price continued to grow to resistance line of pennant, which coincided with resistance level and then bounced down.
Later price fell to support zone, exiting from pennant and breaking $1.0400 level, which continues to trades to this day.
In my mind, Euro can rise a little higher than $1.0400 level and then continue to decline to $1.0250
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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