EURO - Price can reach resistance line and then start to fall
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently price started to decline inside falling channel, where it fell to $1.0685 level and at once bounced up.
Then price reached resistance line, after which made correction and then made upward impulse.
Price exited from channel, formed first gap, and continued to grow inside wedge, where it firstly fell to support line.
After this, price rose almost to $1.0805 level, making a second gap and soon broke this level and continued to grow.
Also, price made third gap and now continues to move up, so, in my mind, Euro can reach resistance line.
Next, price can make impulse down to $1.0790, exiting from wedge and breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price started to decline inside falling channel, where it fell to $1.0685 level and at once bounced up.
Then price reached resistance line, after which made correction and then made upward impulse.
Price exited from channel, formed first gap, and continued to grow inside wedge, where it firstly fell to support line.
After this, price rose almost to $1.0805 level, making a second gap and soon broke this level and continued to grow.
Also, price made third gap and now continues to move up, so, in my mind, Euro can reach resistance line.
Next, price can make impulse down to $1.0790, exiting from wedge and breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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