Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price traded inside flat, where it declined to resistance area, which coincided with $1.1125 resistance level.
Next, price bounced and tried to grow, but failed and started to decline inside falling channel, exiting from flat.
In channel, EUR broke $1.1125 level at once and continued to move down, until it reached $1.0955 level.
Price some time traded in one more resistance area and later broke $1.0955 level too, after which started to trades below.
A not long time ago, price reached resistance line of channel, so, I think that Euro can reach resistance level.
After this movement, price will turn around and start to decline to $1.0790 support line of falling channel.
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Recently price traded inside flat, where it declined to resistance area, which coincided with $1.1125 resistance level.
Next, price bounced and tried to grow, but failed and started to decline inside falling channel, exiting from flat.
In channel, EUR broke $1.1125 level at once and continued to move down, until it reached $1.0955 level.
Price some time traded in one more resistance area and later broke $1.0955 level too, after which started to trades below.
A not long time ago, price reached resistance line of channel, so, I think that Euro can reach resistance level.
After this movement, price will turn around and start to decline to $1.0790 support line of falling channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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So, price continued to decline. For this case, I think it can make small move up and then bounce down to support line ($1.0770) of falling channel:
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🔶 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.