EURO - Price can bounce from resistance area to $1.1100 level
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
After price started to decline in falling channel, it in a short time fell to $1.0800 support level, which coincided with support area.
Soon, Euro broke this level, fell lower, and some time traded near, but later price exited from channel and started to rise.
Price reached $1.0800 level, broke it again, and then made upward impulse to $1.1000 level, after which it made correction.
Next, Euro started to grow in rising channel, where soon it reached $1.1000 level again and even broke it.
Now, price trades in resistance area inside rising channel and I think Euro can bounce up from this area to $1.1100 resistance line of channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
After price started to decline in falling channel, it in a short time fell to $1.0800 support level, which coincided with support area.
Soon, Euro broke this level, fell lower, and some time traded near, but later price exited from channel and started to rise.
Price reached $1.0800 level, broke it again, and then made upward impulse to $1.1000 level, after which it made correction.
Next, Euro started to grow in rising channel, where soon it reached $1.1000 level again and even broke it.
Now, price trades in resistance area inside rising channel and I think Euro can bounce up from this area to $1.1100 resistance line of channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️