Euro / U.S. Dollar
Short
Updated

EURO - Price can start to decline from resistance line of wedge

579
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊

Some days ago price grew to $1.1500 level and even broke it, after which started to decline in wedge.

Price declined to support line, breaking two levels, after which it turned around and started to move up.

Soon, EUR broke $1.1215 level and then rose more, after which made a correction to support line.

Then price in a short time rose to $1.1500 level, broke it one more time, and tried to grow more, but failed.

But recently it turned around and quickly rose to resistance line of wedge and now trades near.

In my mind, Euro can bounce from resistance line and fall to $1.1520 support line of wedge pattern.

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Euro continues to trades near resistance line of wedge. So, I expect that it can soon bounce from this line and start to fall to my target.

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