EURO - Price can break resistance line and then start to decline
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price bounced from support line, which coincided with support level to $1.0965 level.
Soon, price broke this level and rose to $1.1130 points, after which Euro fell lower $1.0965 level, breaking it.
Then price continued to decline in falling channel, where it fell lower $1.0785 level, but later it started to grow.
Price exited from channel and continued to rise near support line, and in a short time later price rose to resistance line, breaking $1.0785 level.
Now EUR trades close to support and resistance lines and I think that price can break resistance line and rise a little.
After this, price will turn around and decline lower support level to $1.0750 points.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price bounced from support line, which coincided with support level to $1.0965 level.
Soon, price broke this level and rose to $1.1130 points, after which Euro fell lower $1.0965 level, breaking it.
Then price continued to decline in falling channel, where it fell lower $1.0785 level, but later it started to grow.
Price exited from channel and continued to rise near support line, and in a short time later price rose to resistance line, breaking $1.0785 level.
Now EUR trades close to support and resistance lines and I think that price can break resistance line and rise a little.
After this, price will turn around and decline lower support level to $1.0750 points.
If this post is useful to you, you can support me with like/boost and advice in comments❤️