EURO - Price can make little correction and then bounce up
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently price started to trades in rising channel, where it soon reached $1.0670 support level, which coincided with support area.
After this, Euro broke this level, made retest, and rose to next level, which coincided with support area.
In a short time, Euro broke this level, but later it started to decline and fell lower this level to $1.0730 points.
Then Euro entered to new rising channel, where it rose back to $1.0920 level, broke it, and continued to move up.
When price reached resistance line of channel, it bounced down to support line, where EUR continues to trades now.
I think Euro can decline to support level, after which price will bounce up to $1.1130, making fake breakout.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price started to trades in rising channel, where it soon reached $1.0670 support level, which coincided with support area.
After this, Euro broke this level, made retest, and rose to next level, which coincided with support area.
In a short time, Euro broke this level, but later it started to decline and fell lower this level to $1.0730 points.
Then Euro entered to new rising channel, where it rose back to $1.0920 level, broke it, and continued to move up.
When price reached resistance line of channel, it bounced down to support line, where EUR continues to trades now.
I think Euro can decline to support level, after which price will bounce up to $1.1130, making fake breakout.
If this post is useful to you, you can support me with like/boost and advice in comments❤️