EURO - Price can bounce down from resistance line of channel
Telah dikemas kini
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price entered to wedge, where at once broke $1.0830 level and rose until to resistance line of wedge.
Also, price formed a gap and later it started to decline from resistance line to $1.0830 support level.
When EUR reached this level, it broke it and fell to support line of wedge, after which made upward impulse.
Price exited from wedge, broke $1.0830 level, and rose to $1.1000 level, after which started to trades in rising channel.
In channel, Euro first made correction and then in a short time rose to $1.1000 level again and broke it.
Now I think that price can bounce down from resistance line to $1.0940 support line of rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price entered to wedge, where at once broke $1.0830 level and rose until to resistance line of wedge.
Also, price formed a gap and later it started to decline from resistance line to $1.0830 support level.
When EUR reached this level, it broke it and fell to support line of wedge, after which made upward impulse.
Price exited from wedge, broke $1.0830 level, and rose to $1.1000 level, after which started to trades in rising channel.
In channel, Euro first made correction and then in a short time rose to $1.1000 level again and broke it.
Now I think that price can bounce down from resistance line to $1.0940 support line of rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Dagangan aktif
Price reached the resistance line of the rising channel, so, as I said, now it will go down to the support line of the channel, breaking the support level.Dagangan aktif
Price exited from the channel, and even rose a little more, but now, I expect that the EUR can make a correction movementDagangan aktif
So, after looking at the chart, we can see that EUR continued to move up. For this reason, I expect that the price can rise a little more and then fall to $1.1065
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