EURO - Price can exit from triangle and fall to support level
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in commentsđź‘Š
A not long time ago price bounced from support area, which coincided with support level, and rose to resistance area.
Then EUR started to decline in falling channel and soon exited from resistance area, making fake breakout.
In channel, price declined until to support line, broke $1.0820 level, but then it made strong upward impulse.
After this, price exited from channel and later started to trades inside triangle, where it fell lower support level again.
Soon Euro bounced up from support line of triangle to resistance line, breaking $1.0820 level again.
Recently it started to decline, so, I think EUR can little rise and continue to fall to $1.0820 level, exiting of triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago price bounced from support area, which coincided with support level, and rose to resistance area.
Then EUR started to decline in falling channel and soon exited from resistance area, making fake breakout.
In channel, price declined until to support line, broke $1.0820 level, but then it made strong upward impulse.
After this, price exited from channel and later started to trades inside triangle, where it fell lower support level again.
Soon Euro bounced up from support line of triangle to resistance line, breaking $1.0820 level again.
Recently it started to decline, so, I think EUR can little rise and continue to fall to $1.0820 level, exiting of triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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