EURO - Price will exit from pennant and then make correction

11 giu

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

Some days ago price reached $1.0950 level and then made a correction movement, after which started to grow in a pennant.

Price made an upward impulse from support line of pennant and broke $1.0950 level, after which made a retest.

Then price continued to move up and reached $1.1300 level, and soon broke it too, and then made a correction movement.

After this, price rose to resistance line of pennant and then started to decline and soon broke $1.1300 level again.

But later it boucned from support line and backed up, and even now it trades very close to resistance line.

In my mind, Euro can rise a little, thereby exiting from pennant and then make a correction to $1.1300 level.

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7 giorni fa

Trade attivo

Ok! Price exited from pennant and rose a little more, so now I expect price will make correction movement.