Euro / U.S. Dollar
Short

EURO - Price can bounce down of resistance line and start fall

609
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊

Recently price bounced from $1.0775 level to $1.1030 level and then started to decline.

When price declined, it broke $1.0775 support level and started moving inside a falling channel.

Also, Euro tried to back up, but fell lower to $1.0530 level and later bounced up, thereby exiting from channel.

A not long time ago price reached $1.0760 and made downward impulse below $1.0575 support level, but at once backed up.

As well Euro started trading inside rising pennant and a few moments ago broke $1.0775 level.

Possibly price can bounce of resistance line and then start to decline to $1.0665 level, thereby breaking support level and exiting from pennant.

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