EURO - Price can break resistance level and continue to rise
Updated
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price traded inside wedge, where it first fell to support line, but then made upward impulse.
Then Euro turned around and made downward impulse, exiting from wedge and soon breaking $1.0655 level.
After this, price some time traded in support area and then started to grow inside rising channel.
Soon, Euro broke $1.0655 level, made retest, and then in a short time rose until to $1.0870 resistance level.
Recently price exited from channel and also tried to break resistance level, but failed, and now trades close.
In my mind, EURUSD can break this level, make retest in resistance area, and continue to grow to $1.0960
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price traded inside wedge, where it first fell to support line, but then made upward impulse.
Then Euro turned around and made downward impulse, exiting from wedge and soon breaking $1.0655 level.
After this, price some time traded in support area and then started to grow inside rising channel.
Soon, Euro broke $1.0655 level, made retest, and then in a short time rose until to $1.0870 resistance level.
Recently price exited from channel and also tried to break resistance level, but failed, and now trades close.
In my mind, EURUSD can break this level, make retest in resistance area, and continue to grow to $1.0960
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Note
Euro didn't break the resistance level, it started to decline, so, in my mind, EURUSD can continue to fall to $1.0740Note
Okay, price continued to fall, and for this reason, I think Euro can continue to decline next
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