EURO - Price can reach resistance area and then bounce down

29 мая

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 entered to rising channel, where it rose to support level, but at once bounced down.

Price fell to support line of channel and then made upward impulse to resistance line, breaking $1.0740 level.

Then Euro corrected to support level and then in a short time rose to $1.0875 level, exiting from rising channel.

Euro started to trades in flat, and firstly it made fake breakout of $1.0875 level, after which declined to bottom part of flat.

Soon, price rose to resistance area, after which turned around and recently fell below, making fake breakout again.

Now, I think that EUR can rise to resistance area and then bounce down to $1.0805 bottom part of flat.

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30 мая

Комментарий

Nice! Price fell even lower than my target, but recently it went back up to flat, so, now I think that the Euro can make a small move up and then continue to decline.