EURO - Price can exit from wedge and continue move up to $1.0745
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 entered to wedge, where it first broke $1.0785 resistance level, which coincided with resistance area.
Then EUR fell to support line and at once made strong upward impulse, breaking $1.0785 level one more time.
Later it reached resistance line of wedge, turned around, and made downward impulse to support line, breaking $1.0785 level.
Next, Euro started to trades near $1.0625 support level, which coincided with support area and even made fake breakout.
After this, EUR bounced up to resistance line of wedge, which at the moment continues to trades near.
Possibly, Euro can break resistance line, thereby exiting from wedge and continuing to rise to $1.0745
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago price entered to wedge, where it first broke $1.0785 resistance level, which coincided with resistance area.
Then EUR fell to support line and at once made strong upward impulse, breaking $1.0785 level one more time.
Later it reached resistance line of wedge, turned around, and made downward impulse to support line, breaking $1.0785 level.
Next, Euro started to trades near $1.0625 support level, which coincided with support area and even made fake breakout.
After this, EUR bounced up to resistance line of wedge, which at the moment continues to trades near.
Possibly, Euro can break resistance line, thereby exiting from wedge and continuing to rise to $1.0745
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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