EURO - Price can bounce up to $1.0885, thereby exit of wedge
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A not long time ago price declined lower support level, which coincided with support area, thereby breaking it.
Then Euro started to trades in wegde, where it made upward impulse from support line to resistance line.
Thereby price breaking $1.0745 and $1.0830 levels, but soon EUR bounced from resistance line and declined below.
Long time price traded between $1.0830 level, but recently it declined to support line of wedge, breaking $1.0830 level again.
After this movement, EUR at once bounced from this line and rose to resistance area, where it continued to trades now.
At the moment I think that Euro can bounce from support level to $1.0885, thereby exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago price declined lower support level, which coincided with support area, thereby breaking it.
Then Euro started to trades in wegde, where it made upward impulse from support line to resistance line.
Thereby price breaking $1.0745 and $1.0830 levels, but soon EUR bounced from resistance line and declined below.
Long time price traded between $1.0830 level, but recently it declined to support line of wedge, breaking $1.0830 level again.
After this movement, EUR at once bounced from this line and rose to resistance area, where it continued to trades now.
At the moment I think that Euro can bounce from support level to $1.0885, thereby exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Комментарий:
So far nothing has happened, but I think that from Monday the price will bounce from support level to my goal
Комментарий:
Great, price reached the resistance line of wedge and even rose higher, but soon declined a little below and now trades very close to this line. So, I think that Euro can break resistance line, thereby exiting from wedge and then continue to move up