Euro / U.S. DollarShort
EURO - Price can turn around and start decline to support line
Updated
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price traded inside flat, where it declined to resistance area, which coincided with $1.1125 resistance level.
Next, price bounced and tried to grow, but failed and started to decline inside falling channel, exiting from flat.
In channel, EUR broke $1.1125 level at once and continued to move down, until it reached $1.0955 level.
Price some time traded in one more resistance area and later broke $1.0955 level too, after which started to trades below.
A not long time ago, price reached resistance line of channel, so, I think that Euro can reach resistance level.
After this movement, price will turn around and start to decline to $1.0790 support line of falling channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price traded inside flat, where it declined to resistance area, which coincided with $1.1125 resistance level.
Next, price bounced and tried to grow, but failed and started to decline inside falling channel, exiting from flat.
In channel, EUR broke $1.1125 level at once and continued to move down, until it reached $1.0955 level.
Price some time traded in one more resistance area and later broke $1.0955 level too, after which started to trades below.
A not long time ago, price reached resistance line of channel, so, I think that Euro can reach resistance level.
After this movement, price will turn around and start to decline to $1.0790 support line of falling channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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So, price continued to decline. For this case, I think it can make small move up and then bounce down to support line ($1.0770) of falling channel:
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