EURO - Price can bounce down from resistance line of channel
Updated
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price entered to wedge, where at once broke $1.0830 level and rose until to resistance line of wedge.
Also, price formed a gap and later it started to decline from resistance line to $1.0830 support level.
When EUR reached this level, it broke it and fell to support line of wedge, after which made upward impulse.
Price exited from wedge, broke $1.0830 level, and rose to $1.1000 level, after which started to trades in rising channel.
In channel, Euro first made correction and then in a short time rose to $1.1000 level again and broke it.
Now I think that price can bounce down from resistance line to $1.0940 support line of rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price entered to wedge, where at once broke $1.0830 level and rose until to resistance line of wedge.
Also, price formed a gap and later it started to decline from resistance line to $1.0830 support level.
When EUR reached this level, it broke it and fell to support line of wedge, after which made upward impulse.
Price exited from wedge, broke $1.0830 level, and rose to $1.1000 level, after which started to trades in rising channel.
In channel, Euro first made correction and then in a short time rose to $1.1000 level again and broke it.
Now I think that price can bounce down from resistance line to $1.0940 support line of rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Price reached the resistance line of the rising channel, so, as I said, now it will go down to the support line of the channel, breaking the support level.Trade active
Price exited from the channel, and even rose a little more, but now, I expect that the EUR can make a correction movementTrade active
So, after looking at the chart, we can see that EUR continued to move up. For this reason, I expect that the price can rise a little more and then fall to $1.1065Disclaimer
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