EURO - Price can continue to decline inside falling channel

2 Mac

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

Recently price declined to $1.0380 level and then started to grow inside a wedge, where it at once reached $1.0500 level.

Then price turned around and made correction movement to support line of the wedge, after which quickly bounced up.

Price grew to $1.0500 level and some time traded near this level and later finally broke it, after which turned around.

Euro broke $1.0500 level again, exited from wedge and continued to decline inside falling channel.

Inside channel, price declined to $1.0380 level and a few moments ago broke it and now continued to fall.

Possibly, Euro can rise a little higher than $1.0380 level and then continue to fall to $1.0300 inside channel.

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3 Mac

Dagangan aktif

So, Euro made a gap and then reached resistance line of channel and exited from this formation. For this reason, I think it can little grow and then drop.

4 Mac

Dagangan ditutup secara manual

Euro grew, so I close this trade.