EURO - Price can bounce up from support area to $1.1100
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price declined inside falling channel and fell to support level and even lower support area.
After this movement, Euro turned around, entered to wedge, and made a strong upward impulse, leaving falling channel.
Also, price broke $1.0810 level and later reached next support level, but soon turned around and started to fall.
In a short time, EUR fell to support line of wedge, after which bounced up to $1.0990 level and broke it.
Then price made retest and rose to resistance line of wedge, but recently fell to support area.
Now, I think that Euro can bounce up from support area to $1.1100, exiting from wedge pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price declined inside falling channel and fell to support level and even lower support area.
After this movement, Euro turned around, entered to wedge, and made a strong upward impulse, leaving falling channel.
Also, price broke $1.0810 level and later reached next support level, but soon turned around and started to fall.
In a short time, EUR fell to support line of wedge, after which bounced up to $1.0990 level and broke it.
Then price made retest and rose to resistance line of wedge, but recently fell to support area.
Now, I think that Euro can bounce up from support area to $1.1100, exiting from wedge pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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