EURO - Price can move up to resistance level and continue fall

30 Okt 2024

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

A not long time ago price entered to falling channel, where some time declined near resistance line of channel.

Later it bounced and fell to support line of channel, but soon backed up to resistance line, after which continued to fall.

Soon, Euro broke $1.0840 level, which coincided with resistance zone, and exited from falling channel.

Then price started to trades inside flat, where it declined to support area and then bounced up to $1.0840 level.

After this, price made a correction and then backed up to this level, but recently started to decline.

In my mind, EUR can make movement up to resistance level and then continue to fall to $1.0765

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31 Okt 2024

Dagangan ditutup: hentian tercapai

Euro made impulse up, breaking resistance level, and exited from flat. So, I close trade.