EURO - Price can turn around and start decline to support line

13 Okt 2024

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

Recently price traded inside flat, where it declined to resistance area, which coincided with $1.1125 resistance level.

Next, price bounced and tried to grow, but failed and started to decline inside falling channel, exiting from flat.

In channel, EUR broke $1.1125 level at once and continued to move down, until it reached $1.0955 level.

Price some time traded in one more resistance area and later broke $1.0955 level too, after which started to trades below.

A not long time ago, price reached resistance line of channel, so, I think that Euro can reach resistance level.

After this movement, price will turn around and start to decline to $1.0790 support line of falling channel.

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14 Okt 2024

Dagangan aktif

So, price continued to decline. For this case, I think it can make small move up and then bounce down to support line ($1.0770) of falling channel: