EURO - Price can break support level and continue fall in wedge

١٧ نوفمبر ٢٠٢٤

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

Recently price grew inside rising channel, where it at once broke $1.0835 level, after which rose to resistance line.

Also, in channel, price made a gap, after which rose to $1.0935 points and then started to decline.

Euro exited from channel, and continued to decline inside wedge, where it broke $1.0835 level and fell to $1.0680 level.

Price tried to grow, but failed and later broke $1.0680 level too, and continued to decline next to support area.

When price reached this area, which coincided with $1.0530 support level, it bounced and now EUR trades near it.

In my mind, price can grow to resistance line of wedge and then continue to fall to $1.0425, breaking support level.

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١٨ نوفمبر ٢٠٢٤

تم فتح الصفقة

Euro reached resistance line of wedge, after which little declined. For this case, I think it will break support level and continue to decline to my target, which coincides with support line of wedge pattern.

١٩ نوفمبر ٢٠٢٤

أغلقت الصفقة: تم الوصول لوقف الخسارة

Price exited from wedge, and even rose a little grow. But later it fell to the support level and now trades near this level. So, I think it can bounce from this level and start to grow, therefore I close this trade.