Euro / U.S. Dollar
Short

EURO - Price can exit from pennant and fall to $1.0705 level

1 577
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊

When price broke support line, it started trades inside a big falling channel and declined to support area.

Inside channel Euro tried to rise, but failed, and after channel price started to rise.

Reaching $1.0760 point, price fell to support area and made strong upward impulse to $1.0930 level.

As well Euro broke $1.0780 level and now trades close to resistance line inside pennant.

Possibly price can bounce down of resistance line and start to decline.

Also, Euro can exit from pennant, try to break support level, and decline 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.