EURO - Price can break support level and continue to move down

23 mar

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

Some time ago price reach and broke $1.0800 level and started to grow inside a rising channel pattern.

It reached the resistance level, bounced down, made correction to support and then rose up once again.

Euro touched $1.0920 level second time and turned around, after which exited from this rising channel.

Then price dropped fast and formed falling channel, breaking through $1.0920 level and reaching $1.0800 level.

After that it bounced up a little, but stayed inside the bearish channel without breaking resistance line.

Now price moves between support and resistance, but in my mind it can decline to $1.0715 support line.

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24 mar

Trade attivo

Wow! Euro first made a rise movement, but soon turned around and dropped to the support area. Now it is trying to break the support level, and when it this happens, I expect that the Euro will continue to decline inside a channel.