WalterMoon

EURO - Price can make little correction and then bounce up

Lång
OANDA:EURUSD   Euro / USA-dollar
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊

Recently price started to trades in rising channel, where it soon reached $1.0670 support level, which coincided with support area.

After this, Euro broke this level, made retest, and rose to next level, which coincided with support area.

In a short time, Euro broke this level, but later it started to decline and fell lower this level to $1.0730 points.

Then Euro entered to new rising channel, where it rose back to $1.0920 level, broke it, and continued to move up.

When price reached resistance line of channel, it bounced down to support line, where EUR continues to trades now.

I think Euro can decline to support level, after which price will bounce up to $1.1130, making fake breakout.

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