EURO - Price can break resistance level and rise to $1.0920
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it at once bounced from support level and fell to support line of channel.
Then Euro at once bounced up to support area, some time traded there, and soon broke $1.0725 level again.
Next, price rose to resistance line of channel, after which made correction to support line and then continued to grow.
In a short time, EUR rose to $1.0865 level, which coincided with resistance area and even rose to resistance line of channel.
But soon it turned around and declined lower $1.0865 level, making fake breakout and now EUR continues to fall.
Possibly, price can decline a little more and then bounce up to $1.0920, breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price entered to rising channel, where it at once bounced from support level and fell to support line of channel.
Then Euro at once bounced up to support area, some time traded there, and soon broke $1.0725 level again.
Next, price rose to resistance line of channel, after which made correction to support line and then continued to grow.
In a short time, EUR rose to $1.0865 level, which coincided with resistance area and even rose to resistance line of channel.
But soon it turned around and declined lower $1.0865 level, making fake breakout and now EUR continues to fall.
Possibly, price can decline a little more and then bounce up to $1.0920, breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️