EURO - Price can leave pennant and rise to $1.0500 points

5 Feb

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

Recently price entered to rising channel and soon reached resistance line, after which fell below.

Next, price rose to $1.0455 level, and then corrected to support line, after which bounced up and broke $1.0455 level.

Then Euro reached resistance line of channel and then started to decline, making a first gap and dropped to resistance area.

Price exited from channel, breaking $1.0455 level, and continued to fall inside pennant, where it fell to $1.0210 points.

Before this, price made a strong second gap, and then quickly rose to resistance line breaking $1.0455 level.

I think that Euro can bounce up from pennant to $1.0500, breaking resistance level and exiting from this pattern.

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6 Feb

Dagangan aktif

Okay! Price fell to the support line of a pennant and even exited from this pattern. Now, I think it can little fall more and then bounce up to my target.