EURO - Price can start decline from resistance line of channel
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Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price entered to rising channel, where it at once broke $1.0710 level and fell to support line.
Next, price bounced from this line and soon broke $1.0710 level again and made the first gap, after which continued to rise.
Then Euro made correction to support level and then bounced up to $1.0840 level, forming another two gaps.
Some time later, price traded near $1.0840 level, and a not long time ago broke it, after which rose to resistance line of channel.
But then, EUR at once made correction, so now it trying to back up to resistance line.
Possibly, price can reach this line and then bounce down to $1.0820 points, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price entered to rising channel, where it at once broke $1.0710 level and fell to support line.
Next, price bounced from this line and soon broke $1.0710 level again and made the first gap, after which continued to rise.
Then Euro made correction to support level and then bounced up to $1.0840 level, forming another two gaps.
Some time later, price traded near $1.0840 level, and a not long time ago broke it, after which rose to resistance line of channel.
But then, EUR at once made correction, so now it trying to back up to resistance line.
Possibly, price can reach this line and then bounce down to $1.0820 points, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Nota
OK, the price reached the resistance line of the rising channel, as I showed, so, at the moment it can make a correction to the support line of the channel:Nota
Price still trading near resistance line of rising channel, so, in my mind, on Monday Euro can start to fall to support line of channel
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