Euro / Dolar A.S.
Singkat

EURO - Price can start fall to support line of pennant pattern

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

Some days ago price traded inside triangle, where it declined below $1.1310 level, but then made upward umpulse.

Price exited from triangle pattern and broke the $1.1425 level, after which it entered to pennant pattern.

In pennant, Euro reached the resistance line, after which it turned around and in a short time declined to the $1.1310 level, breaking $1.1425

Then the price some time traded between these two levels and later dropped to the support line of the pennant.

But recently it backed up and now traded very close to resistance line of pennant, so, I think it can rise a little.

After this movement, in my opinion, Euro can start to decline to $1.1300 support line of pennant.

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