EURO - Price can continue to decline inside falling channel

16 Okt 2024

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

Some time ago price started to grow inside rising channel, where it soon broke 2-nd ($1.1090) resistance level.

After this movement, price some time traded between resistance line of channel and with resistance area.

And last time it bounced from resistance line and broke $1.1090 level, thereby exiting from rising channel too.

Next, price continued to move down inside falling channel, where it broke 1-st ($1.0950) resistance level recently.

Now price continues to fall near resistance line of channel, and I think Euro can rise a little higher resistance line.

Then price will turn around and continue to fall to $1.0760 support line of falling channel.

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17 Okt 2024

Dagangan aktif

Okay! Euro continues to decline inside falling channel, as I thought. So, I still waiting when it to fall to my target.

18 Okt 2024

Dagangan aktif

Euro continues to fall inside a falling channel, and I expect that soon it will drop to my target.