EURO - Price can correct to support area and then bounce up

19 בינו׳

Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊

Some time ago price entered to flat, where it some time traded between $1.0460 level and top part of flat.

Later, when price reached top part of flat again, it turned around and started to decline, and soon broke $1.0460 level.

Price exited from flat and continued to decline in falling channel, where it some time traded near resistance area first.

Next, Euro dropped to support level, after which at once bounced up to resistance line of channel and then fell back.

Also, price fell to support line of channel, but soon backed up and now trades close to $1.0260 level.

In my mind, Euro can fall to support area and then bounce up to $1.0380 support line of falling channel.

If this post is useful to you, you can support me with like/boost and advice in comments❤️

20 בינו׳

עסקה פעילה

Great! Price rose without movement down, so, for this case, I expect that it will continue to move up to the resistance line of the channel.

21 בינו׳

עסקה סגורה: היעד הושג

Very well! Target reached, so, I close this trade!