EURO - Price can break support level and continue to fall

kelmarin

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

A few moments ago price traded near $1.0835 level and then it made strong upward impulse, breaking this level.

Then it continued to move up inside an upward pennant, where it reached the next support level, which broke soon too.

After this movement, it reached the resistance line of the pennant and then corrected the support line.

Euro tried to grow more, but failed and started to decline inside falling channel, exiting from pennant pattern.

In falling channel, price declined to $1.1200 support level and then turn around and start to move up.

I think that Euro can grow a little and then fall to $1.1065 support line of channel, breaking support level.

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semalam

Dagangan aktif

Amazing! Price reached my target! Now I expect that it can make movement up and then continue to fall next. For this case, my new target is 1.1000 points.