EURO - Price can start to decline to $1.0830 support level
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price declined in falling channel, where it fell to support level, after which at once bounced up.
Price reached resistance line of channel, and then bounced down lower $1.0830 level, breaking it.
But then Euro made a strong upward impulse, thereby breaking $1.0830 and $1.0930 levels, and exiting from falling channel.
After this, EUR started to decline another one falling channel, where it soon broke $1.0930 level.
Then price traded near this level, but now it trades near resistance line of falling channel.
I think that Euro can bounce down from resistance line of channel and fall to $1.0830 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price declined in falling channel, where it fell to support level, after which at once bounced up.
Price reached resistance line of channel, and then bounced down lower $1.0830 level, breaking it.
But then Euro made a strong upward impulse, thereby breaking $1.0830 and $1.0930 levels, and exiting from falling channel.
After this, EUR started to decline another one falling channel, where it soon broke $1.0930 level.
Then price traded near this level, but now it trades near resistance line of falling channel.
I think that Euro can bounce down from resistance line of channel and fall to $1.0830 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.