EURO - Price can bounce up from triangle to $1.0480

٢٩ ديسمبر ٢٠٢٤

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

Recently price declined inside a falling channel, where price fell to resistance level and some time traded between.

Then EUR fell to support line of channel, but soon backed up to $1.0500 level and continued to trades between it.

Later, price rose to resistance line and then made downward impulse, thereby breaking $1.0500 level and exiting from channel.

Next, Euro continued to fall inside triangle, where it first fell to support line, breaking $1.0400 level.

But soon, price rose to $1.0400 level and some time traded near, after which broke it and rose to resistance line.

So, I think Euro can little correct and then bounce up to $1.0480, exiting from triangle pattern.

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