EURO - Price may drop to $1.1350 support level

7月16日

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

Euro began its journey by breaking into a rising channel off the swing low near $1.1080, establishing a clear uptrend.

Within this channel, price carved out steady support along the lower trendline, touching $1.1350 before buyers stepped.

Mid-channel, two breakout attempts at $1.1550 and $1.1725 highlighted bullish conviction, yet both retreated back below resistance.

Simultaneously, two exit signals appeared near the upper trendline around $1.1765, showing that upward momentum was losing steam at key inflection points.

Currently, EUR is holding just below the channel base after a minor bounce, consolidating as traders weigh the next move.

I foresee a brief climb toward near $1.1670 before a renewed bearish thrust drives price back down to test $1.1350 level.

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7 天前

交易進行

Great! Price started to decline and even exited from channel. I expect that it will continue to fall next.