EURO - Price can bounce up from resistance area to $1.0850
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in commentsđź‘Š
Some time ago price started to trades in big flat, where it at once bounced from $1.0795 level and tried to rise.
Euro failed and fell back to $1.0795 level, but soon it made upward impulse to resistance zone, breaking resistance level.
Price repeated breakout of $1.0940 level two times and then fell to $1.0835 points, after which bounced up.
Then price continued to decline in wedge, where EUR declined to $1.0795 level and broke it, thereby exiting from flat.
But recently price bounced up from support line and rose to resistance area, exiting from wedge.
Now, I think Euro can try to break resistance level, and if it does this, that EUR can rise to $1.0850
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price started to trades in big flat, where it at once bounced from $1.0795 level and tried to rise.
Euro failed and fell back to $1.0795 level, but soon it made upward impulse to resistance zone, breaking resistance level.
Price repeated breakout of $1.0940 level two times and then fell to $1.0835 points, after which bounced up.
Then price continued to decline in wedge, where EUR declined to $1.0795 level and broke it, thereby exiting from flat.
But recently price bounced up from support line and rose to resistance area, exiting from wedge.
Now, I think Euro can try to break resistance level, and if it does this, that EUR can rise to $1.0850
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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