EURO - Price can leave wedge and decline to support level

٣ نوفمبر ٢٠٢٤

Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊

Recently price broke $1.0885 level and continued to decline inside falling channel, where it at once fell to support line.

Then price bounced to resistance line of channel and then declined to $1.0785 level and even broke it.

Price fell to support line, after which made upward impulse, thereby breaking $1.0785 level again and exiting from channel.

Next, Euro entered to wedge, made correction to support line, and then started to grow to resistance level.

A not long time ago, price reached this level, and some time traded near, but soon bounced down.

At the moment, I think EUR can make a rise movement and then fall to $1.0785 support level, exiting from the wedge.

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٤ نوفمبر ٢٠٢٤

أغلقت الصفقة: تم الوصول لوقف الخسارة

Euro turned around and rebounded up, making a gap. Also, it broke resistance level and now trades close to resistance line of wedge, so, for this case, I close this trade.