EURO - Price can bounce up from support level to $1.0880
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to rising channel, where it reached support level, which coincided with support area.
Soon, Euro broke this level and reached resistance line of channel, but at once fell back to $1.0800 level.
Then EUR some time traded near support level and later made upward impulse to resistance area.
After this, price exited from rising channel and started to decline in falling channel, where it broke $1.0940 level.
Later Euro fell to support line of channel and then made upward impulse to resistance level, exiting from channel.
But price bounced down and now trades near support level, so I think Euro can bounce up from this level to $1.0880
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price entered to rising channel, where it reached support level, which coincided with support area.
Soon, Euro broke this level and reached resistance line of channel, but at once fell back to $1.0800 level.
Then EUR some time traded near support level and later made upward impulse to resistance area.
After this, price exited from rising channel and started to decline in falling channel, where it broke $1.0940 level.
Later Euro fell to support line of channel and then made upward impulse to resistance level, exiting from channel.
But price bounced down and now trades near support level, so I think Euro can bounce up from this level to $1.0880
If this post is useful to you, you can support me with like/boost and advice in comments❤️