EURO - Price can fall to support level and try to break it
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price bounced from $1.0760 level, which coincided with support area, and started to fall in falling channel.
In channel, Euro made two fake breakout, first of resistance line and second of $1.0490 support level, after which it started to rise.
Then price exited from channel and started to trades in flat, where it some time traded and reached support line.
After this, Euro made strong upward impulse to $1.1020 points, thereby breaking $1.0760 level and exiting from flat.
But recently Euro made downward impulse below support line, breaking it.
In my mind, price can fall to $1.0760 level, make a little movement up, and then decline to $1.0620, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price bounced from $1.0760 level, which coincided with support area, and started to fall in falling channel.
In channel, Euro made two fake breakout, first of resistance line and second of $1.0490 support level, after which it started to rise.
Then price exited from channel and started to trades in flat, where it some time traded and reached support line.
After this, Euro made strong upward impulse to $1.1020 points, thereby breaking $1.0760 level and exiting from flat.
But recently Euro made downward impulse below support line, breaking it.
In my mind, price can fall to $1.0760 level, make a little movement up, and then decline to $1.0620, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️