EURO - Price can make small move up and then bounce down in flat
Updated
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price traded between $1.1120 level, which coincided with resistance area and later made upward impulse.
After this, EUR started to decline inside falling channel, where it fell lower $1.1120 level, breaking it.
Next, price exited from channel and started to trades in flat, where it fell to bottom part and even made a fake breakout.
Then Euro turned around and in a short time rose to the top part of flat, which coincided with resistance level.
But a not long time ago price bounced down and I think that EUR can make a small move up and then fall to $1.1045 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price traded between $1.1120 level, which coincided with resistance area and later made upward impulse.
After this, EUR started to decline inside falling channel, where it fell lower $1.1120 level, breaking it.
Next, price exited from channel and started to trades in flat, where it fell to bottom part and even made a fake breakout.
Then Euro turned around and in a short time rose to the top part of flat, which coincided with resistance level.
But a not long time ago price bounced down and I think that EUR can make a small move up and then fall to $1.1045 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Euro fell like I said yesterday, even exited from flat and breaking support level. Now it trades very near to this level, for this case, I think that EUR can rise a little higher than $1.1045 level and then continue to decline to $1.0990:
Trade active
Nice! Euro moved like I said, and now it trades very close to $1.1045 level again. For this moment, I expect that EUR can repeat movement up and then bounce down to my past target - $1.0990:
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