EURO - Price can grow to resistance area and then continue fall
Updated
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price fell to resistance area, but soon broke $1.1005 resistance level and entered to flat.
In flat, price in a short time rose to $1.1175 level, which coincided with one more resistance area.
Also, EUR entered to this area, but soon turned around and made correction movement to $1.1005 level.
Then price made upward impulse resistance area, which coincided with top part of flat, but soon started to decline.
Euro made fake breakout of $1.1175 level and fell near resistance line, exiting from flat and breaking $1.1005 level too.
In my mind, price can grow to resistance area and then it bounce down to $1.0850
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price fell to resistance area, but soon broke $1.1005 resistance level and entered to flat.
In flat, price in a short time rose to $1.1175 level, which coincided with one more resistance area.
Also, EUR entered to this area, but soon turned around and made correction movement to $1.1005 level.
Then price made upward impulse resistance area, which coincided with top part of flat, but soon started to decline.
Euro made fake breakout of $1.1175 level and fell near resistance line, exiting from flat and breaking $1.1005 level too.
In my mind, price can grow to resistance area and then it bounce down to $1.0850
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Okay, price continues to decline near the resistance line. So, I think it can rise a little up and then continue to fall to my target.Trade active
Great! Price rose a little, and now I think it can continue to move down to my target.
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.