EURO - Price can continue to move down to $1.0810
Hi guys, this is my overview for Euro, feel free to check it and write your feedback in comments👊
A not long time ago price made a strong upward impulse higher of two resistance levels $1.0930 and $1.1140, thereby breaking its.
Next, price entered to falling channel, in which Euro declined to $1.1140 level, which coincide with resistance area.
Euro broke this level and continue to fall, but later it bounced up from support line of channel and exited from channel.
After this, price reached $1.1140 resistance level again, and at once fall to big flat, where it fell to $1.0930 level, which coincide with support area.
But recently it broke this level too and now trades below and in my mind, Euro can rise to $1.0930 level and then bounce down to $1.0810
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago price made a strong upward impulse higher of two resistance levels $1.0930 and $1.1140, thereby breaking its.
Next, price entered to falling channel, in which Euro declined to $1.1140 level, which coincide with resistance area.
Euro broke this level and continue to fall, but later it bounced up from support line of channel and exited from channel.
After this, price reached $1.1140 resistance level again, and at once fall to big flat, where it fell to $1.0930 level, which coincide with support area.
But recently it broke this level too and now trades below and in my mind, Euro can rise to $1.0930 level and then bounce down to $1.0810
If this post is useful to you, you can support me with like/boost and advice in comments❤️