EURO - Price can decline to support level and then bounce up

19 Mac

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

Some time ago price started to grow inside a rising channel, where it at once bounced down from $1.0415 level.

Then it turned around and rose to the resistance line of the channel in a short time, but soon fell back, making a gap also.

Euro rose to $1.0415 level and broke it, after which some time traded near it and then made an upward impulse.

Price exited from a rising channel and reached $1.0825 level, broke it, and started to grow inside another channel.

In this channel, price reached resistance line, after which it corrected to support level and then continued to grow.

So, in my opinion, Euro can decline to support level and then it bounce up to $1.1050

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20 Mac

Dagangan aktif

Nice one! Price declined to support level, so, now it can bounce up from this level to $1.1050