EURO - Price can bounce up from support area to resistance line
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in commentsđź‘Š
When price entered to rising channel, it rose to $1.1010 resistance level, which coincided with resistance area.
But then, Euro made downward impulse to support area, exiting from channel and starting to trades in wedge.
In wedge, price made fake breakout of $1.0780 level and then in a short time rose to resistance line of support line.
After this, Euro fell below $1.1010 resistance level, breaking it, and then continued to decline.
Later Euro declined to support level, and at once bounced to resistance line, but recently it fell back.
Now, I think that Euro can decline to support area, after which price turn around and start to move up to $1.0860 resistance line of wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
When price entered to rising channel, it rose to $1.1010 resistance level, which coincided with resistance area.
But then, Euro made downward impulse to support area, exiting from channel and starting to trades in wedge.
In wedge, price made fake breakout of $1.0780 level and then in a short time rose to resistance line of support line.
After this, Euro fell below $1.1010 resistance level, breaking it, and then continued to decline.
Later Euro declined to support level, and at once bounced to resistance line, but recently it fell back.
Now, I think that Euro can decline to support area, after which price turn around and start to move up to $1.0860 resistance line of wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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