EURO - Price can drop to $1.0700, breaking support level

9 Mac

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

Recently price started to trades inside a broadening wedge, where it at once bounced up from support level to resistance line.

Then Euro some time traded in a range, and then dropped to support line of wedge, breaking $1.0420 level.

After this, Euro turned around and made strong upward movement to resistance line of a broadening wedge.

Also, it broke $1.0420 level and soon exited from broadening wedge and broke $1.0770 level too.

Next, Euro continued to move up inside rising channel, where it rose from support level to resistance line.

Possibly, price can rise a little in a channel and then bounce down to $1.0700, breaking support level and exit from channel.

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10 Mac

Dagangan aktif

Nice! Euro started to decline. For this case, I expect that it will continue to fall next.