EURO - Price can make small movement up and then continue fall
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently price started to grow inside rising channel, where it made first gap and then broke $1.0770 level.
Next, EUR reached resistance line of channel, formed a second gap, and then made little correction.
After this, price made upward impulse, thereby exiting from rising channel and breaking $1.0890 level.
But soon, Euro turned around and started to decline inside falling channel, where it soon broke $1.0890 level again.
At the moment, price trades near support line of channel, so, in my mind, EUR can make a small move up.
Then price can turn around and continue to decline to $1.0755 support area, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price started to grow inside rising channel, where it made first gap and then broke $1.0770 level.
Next, EUR reached resistance line of channel, formed a second gap, and then made little correction.
After this, price made upward impulse, thereby exiting from rising channel and breaking $1.0890 level.
But soon, Euro turned around and started to decline inside falling channel, where it soon broke $1.0890 level again.
At the moment, price trades near support line of channel, so, in my mind, EUR can make a small move up.
Then price can turn around and continue to decline to $1.0755 support area, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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