EURO - Price can make little correction and then bounce up
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price started to trades in rising channel, where it soon reached $1.0670 support level, which coincided with support area.
After this, Euro broke this level, made retest, and rose to next level, which coincided with support area.
In a short time, Euro broke this level, but later it started to decline and fell lower this level to $1.0730 points.
Then Euro entered to new rising channel, where it rose back to $1.0920 level, broke it, and continued to move up.
When price reached resistance line of channel, it bounced down to support line, where EUR continues to trades now.
I think Euro can decline to support level, after which price will bounce up to $1.1130, making fake breakout.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price started to trades in rising channel, where it soon reached $1.0670 support level, which coincided with support area.
After this, Euro broke this level, made retest, and rose to next level, which coincided with support area.
In a short time, Euro broke this level, but later it started to decline and fell lower this level to $1.0730 points.
Then Euro entered to new rising channel, where it rose back to $1.0920 level, broke it, and continued to move up.
When price reached resistance line of channel, it bounced down to support line, where EUR continues to trades now.
I think Euro can decline to support level, after which price will bounce up to $1.1130, making fake breakout.
If this post is useful to you, you can support me with like/boost and advice in comments❤️