EURO - Price can bounce of resistance area and start to fall
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A not long time ago price fell to support level and soon bounced up to resistance area, thereby entering to falling channel.
In channel, Euro broke $1.0770 level and even made fake breakout of next support level.
After falling channel, price started trading inside from triangle, in which it made upward impulse to $1.0770 level, but at once bounced down.
Then price made correction to support level, which coincide with support area, bounced up and left triangle.
Next Euro made retest and even recently it broke $1.0770 level and now trades close resistance area.
I think that price can grow to area and then bounce down, thereby maybe making correction to $1.0770 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago price fell to support level and soon bounced up to resistance area, thereby entering to falling channel.
In channel, Euro broke $1.0770 level and even made fake breakout of next support level.
After falling channel, price started trading inside from triangle, in which it made upward impulse to $1.0770 level, but at once bounced down.
Then price made correction to support level, which coincide with support area, bounced up and left triangle.
Next Euro made retest and even recently it broke $1.0770 level and now trades close resistance area.
I think that price can grow to area and then bounce down, thereby maybe making correction to $1.0770 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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