EURO - Price can bounce up from resistance area to $1.0850
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price started to trades in big flat, where it at once bounced from $1.0795 level and tried to rise.
Euro failed and fell back to $1.0795 level, but soon it made upward impulse to resistance zone, breaking resistance level.
Price repeated breakout of $1.0940 level two times and then fell to $1.0835 points, after which bounced up.
Then price continued to decline in wedge, where EUR declined to $1.0795 level and broke it, thereby exiting from flat.
But recently price bounced up from support line and rose to resistance area, exiting from wedge.
Now, I think Euro can try to break resistance level, and if it does this, that EUR can rise to $1.0850
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price started to trades in big flat, where it at once bounced from $1.0795 level and tried to rise.
Euro failed and fell back to $1.0795 level, but soon it made upward impulse to resistance zone, breaking resistance level.
Price repeated breakout of $1.0940 level two times and then fell to $1.0835 points, after which bounced up.
Then price continued to decline in wedge, where EUR declined to $1.0795 level and broke it, thereby exiting from flat.
But recently price bounced up from support line and rose to resistance area, exiting from wedge.
Now, I think Euro can try to break resistance level, and if it does this, that EUR can rise to $1.0850
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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