EURO - Price can bounce down of resistance level to support line
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Firstly, price started to decline inside falling channel, where it broke $1.0720 level, which coincided with resistance area.
Next, Euro fell to support line and tried to back up, but it failed and declined lower than $1.0535 level.
After this, price exited from falling channel and started to grow in rising channel, where in a short time Euro rose higher $1.0535
Then price some time traded near this level and a not long time ago Euro even made a fake breakout of $1.0720 level.
Today price trades below this level and in my mind Euro can reach resistance level and then start to decline to $1.0580 support line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Firstly, price started to decline inside falling channel, where it broke $1.0720 level, which coincided with resistance area.
Next, Euro fell to support line and tried to back up, but it failed and declined lower than $1.0535 level.
After this, price exited from falling channel and started to grow in rising channel, where in a short time Euro rose higher $1.0535
Then price some time traded near this level and a not long time ago Euro even made a fake breakout of $1.0720 level.
Today price trades below this level and in my mind Euro can reach resistance level and then start to decline to $1.0580 support line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️