EURO - Price can exit from triangle and continue to move up
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price started to grow in a rising channel, where it broke the resistance level, which coincided with resistance area.
But when EUR rose to resistance line of channel, it bounced and started to decline to $1.1010 level, exiting from channel.
Also, price entered to triangle, where it broke $1.1010 level and fell to support area, which coincided with support level.
Next, Euro some time traded near this level and a not long time ago price bounced up from $1.0920 support level to resistance line.
At the moment, Euro trades very close to this line and I think that price can break this line and continue to move up to $1.1010
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price started to grow in a rising channel, where it broke the resistance level, which coincided with resistance area.
But when EUR rose to resistance line of channel, it bounced and started to decline to $1.1010 level, exiting from channel.
Also, price entered to triangle, where it broke $1.1010 level and fell to support area, which coincided with support level.
Next, Euro some time traded near this level and a not long time ago price bounced up from $1.0920 support level to resistance line.
At the moment, Euro trades very close to this line and I think that price can break this line and continue to move up to $1.1010
If this post is useful to you, you can support me with like/boost and advice in comments❤️