EURO - Price can bounce up from support area to $1.1100
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently price declined inside falling channel and fell to support level and even lower support area.
After this movement, Euro turned around, entered to wedge, and made a strong upward impulse, leaving falling channel.
Also, price broke $1.0810 level and later reached next support level, but soon turned around and started to fall.
In a short time, EUR fell to support line of wedge, after which bounced up to $1.0990 level and broke it.
Then price made retest and rose to resistance line of wedge, but recently fell to support area.
Now, I think that Euro can bounce up from support area to $1.1100, exiting from wedge pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price declined inside falling channel and fell to support level and even lower support area.
After this movement, Euro turned around, entered to wedge, and made a strong upward impulse, leaving falling channel.
Also, price broke $1.0810 level and later reached next support level, but soon turned around and started to fall.
In a short time, EUR fell to support line of wedge, after which bounced up to $1.0990 level and broke it.
Then price made retest and rose to resistance line of wedge, but recently fell to support area.
Now, I think that Euro can bounce up from support area to $1.1100, exiting from wedge pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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