EURO - Price can make a little correction and then start to rise
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few time ago price moved inside falling channel, in which it traded between mirror level and support area.
And after Euro declined fell to support line, which coincides with support line of falling channel, it made upward impulse.
Euro rose to $1.1120 level, broke it, and even later rise higher of resistance area to resistance line, thereby forming pennant pattern.
But recently, price declined back to resistance area, exiting from pennant, and now trades very close to $1.1120 support level.
I think that Euro can fall to support level, bounce and then start to move up to $1.1200
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few time ago price moved inside falling channel, in which it traded between mirror level and support area.
And after Euro declined fell to support line, which coincides with support line of falling channel, it made upward impulse.
Euro rose to $1.1120 level, broke it, and even later rise higher of resistance area to resistance line, thereby forming pennant pattern.
But recently, price declined back to resistance area, exiting from pennant, and now trades very close to $1.1120 support level.
I think that Euro can fall to support level, bounce and then start to move up to $1.1200
If this post is useful to you, you can support me with like/boost and advice in comments❤️