EURO - Price can bounce from resistance line and continue fall
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A not long time ago price bounced from support line, which coincide with $1.0875 level, and made strong upward impulse to resistance line.
Also, price broke $1.1125 resistance level, which coincide with resistance area, but later Euro bounced from resistance line and started to fall.
Price declined below $1.1125 level to support line and soon it continue to decline to support line of wedge, breaking support line.
In wedge, Euro later reached resistance line, but then it bounced down to $1.0890 - 1.0860 resistance area, where continues to trade now.
In my mind, price can bounce from resistance line and fall to $1.0775 level, thereby breaking support level and exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago price bounced from support line, which coincide with $1.0875 level, and made strong upward impulse to resistance line.
Also, price broke $1.1125 resistance level, which coincide with resistance area, but later Euro bounced from resistance line and started to fall.
Price declined below $1.1125 level to support line and soon it continue to decline to support line of wedge, breaking support line.
In wedge, Euro later reached resistance line, but then it bounced down to $1.0890 - 1.0860 resistance area, where continues to trade now.
In my mind, price can bounce from resistance line and fall to $1.0775 level, thereby breaking support level and exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️