EURO - Price can make small movement up and then continue fall
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price started to grow inside rising channel, where it made first gap and then broke $1.0770 level.
Next, EUR reached resistance line of channel, formed a second gap, and then made little correction.
After this, price made upward impulse, thereby exiting from rising channel and breaking $1.0890 level.
But soon, Euro turned around and started to decline inside falling channel, where it soon broke $1.0890 level again.
At the moment, price trades near support line of channel, so, in my mind, EUR can make a small move up.
Then price can turn around and continue to decline to $1.0755 support area, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price started to grow inside rising channel, where it made first gap and then broke $1.0770 level.
Next, EUR reached resistance line of channel, formed a second gap, and then made little correction.
After this, price made upward impulse, thereby exiting from rising channel and breaking $1.0890 level.
But soon, Euro turned around and started to decline inside falling channel, where it soon broke $1.0890 level again.
At the moment, price trades near support line of channel, so, in my mind, EUR can make a small move up.
Then price can turn around and continue to decline to $1.0755 support area, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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