EURO - Price can bounce down from triangle to $1.0640 points

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

Recently price entered to rising channel, where some time grew near resistance line and then fell below.

After this, price in a short time rose to $1.0830 level, made correction, and then bounced up, breaking this level.

Next, price continued to grow in channel, and even made a gap, after which rose to $1.0935 points and turned around.

Price made downward impulse, breaking $1.0830 level and exiting from rising channel too, and started to trades in triangle.

In triangle, price fell to support area, after which bounced up to resistance line, but soon fell back.

Now, I expect that price can reach resistance line of triangle and then bounce down to $1.0640, breaking support level.

If this post is useful to you, you can support me with like/boost and advice in comments❤️

Trade active

Very well! Euro broke the support level, exiting from the triangle too, and almost reaching my target. For this reason, I still waiting when it reaches it.

Trade closed: target reached

Nice! Euro dropped to my target. That's why I close this trade.

WalterMoon

🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

WalterMoon

Also on: