Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price traded inside triangle, where it declined below $1.1310 level, but then made upward umpulse.
Price exited from triangle pattern and broke the $1.1425 level, after which it entered to pennant pattern.
In pennant, Euro reached the resistance line, after which it turned around and in a short time declined to the $1.1310 level, breaking $1.1425
Then the price some time traded between these two levels and later dropped to the support line of the pennant.
But recently it backed up and now traded very close to resistance line of pennant, so, I think it can rise a little.
After this movement, in my opinion, Euro can start to decline to $1.1300 support line of pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price traded inside triangle, where it declined below $1.1310 level, but then made upward umpulse.
Price exited from triangle pattern and broke the $1.1425 level, after which it entered to pennant pattern.
In pennant, Euro reached the resistance line, after which it turned around and in a short time declined to the $1.1310 level, breaking $1.1425
Then the price some time traded between these two levels and later dropped to the support line of the pennant.
But recently it backed up and now traded very close to resistance line of pennant, so, I think it can rise a little.
After this movement, in my opinion, Euro can start to decline to $1.1300 support line of pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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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.
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
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.