EURO - Price can exit from triangle and reach resistance level
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Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price declined from resistance area, after which it made upward impulse to $1.0895 points.
Price broke $1.0790 level and started to trades in flat, where it some time traded until it reached top part.
After this, Euro made downward impulse, thereby exiting from flat, but then price at once entered to triangle pattern.
In triangle pattern, price broke $1.0790 level and fell to support level, which coincided with support area.
Euro some time traded near this level and recently it reached resistance line of triangle, where continues to trades near now.
In my mind, Euro can decline to support level and then bounce up to $1.0790 level, exiting from triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price declined from resistance area, after which it made upward impulse to $1.0895 points.
Price broke $1.0790 level and started to trades in flat, where it some time traded until it reached top part.
After this, Euro made downward impulse, thereby exiting from flat, but then price at once entered to triangle pattern.
In triangle pattern, price broke $1.0790 level and fell to support level, which coincided with support area.
Euro some time traded near this level and recently it reached resistance line of triangle, where continues to trades near now.
In my mind, Euro can decline to support level and then bounce up to $1.0790 level, exiting from triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Note
Great! Price didn't make correction to support level, but it exited from triangle and continues to grow. Also, it formed a gap, so, in my mind, Euro can reach resistance level and break it. After this, price will make retest and continue to growNote
Price didn't rise as I showed, it made a correction movement to almost to the support line. So, in my mind, the Euro can reach this line and then bounce up to the resistance level
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