EURO - Price can bounce down from resistance area to $1.1100

22 Sep 2024

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

Some time ago price made upward impulse from $1.1025 level and reached $1.1165 level, after which corrected.

Then price entered to wedge, where it made a fake breakout of $1.1165 level and started to decline to support line of wedge.

Euro reached support line, it bounced up, thereby exiting from wedge, and then rose to $1.1135 points.

Next, price started to trades in another wedge, where it first declined to support area, where it reached support line.

After this, price made a fake breakout of $1.1025 level and in a short time rose to $1.1165 and made a fake breakout again.

Now, price trades very close to this level, and I think EUR can bounce down to $1.1100 from resistance area.

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