EURO - Price can bounce up from support area to $1.0685 points

27 Nov

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

Some days ago, the price started to decline inside a falling channel, and in a short time, it fell to the $1.0810 level.

Then, the price entered the resistance area, after which it turned around and rose to the resistance line of the channel, making a first gap.

After this, EUR made impulse down, breaking $1.0810 level, exited from channel, and continued to decline in pennant.

In pennant, price fell below $1.0515 level, to support line of this pattern, after which made a second gap and returned back.

Also recently, Euro broke $1.0515 level and exited from pennant and now trades close to this level.

In my mind, price can fall to support area and then bounce up to $1.0685 points.

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