Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in commentsđź‘Š
A few moments ago price traded inside flat, where it reached $1.0450 level and then dropped to $1.0270 level.
After this, Euro turned around and rose to almost $1.0450 level, after which turned around and started to fall in wedge.
Price fell to support line of wedge and then at once bounced up, breaking $1.0270 level one more time.
Next, EUR some time traded near this level and when it reached support line of wedge, it continued to move up.
In a short time, price reached $1.0450 level, broke it, and rose to resistance line of wedge, after which corrected.
So, I think that price can fall to support area and then bounce up to $1.0580, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price traded inside flat, where it reached $1.0450 level and then dropped to $1.0270 level.
After this, Euro turned around and rose to almost $1.0450 level, after which turned around and started to fall in wedge.
Price fell to support line of wedge and then at once bounced up, breaking $1.0270 level one more time.
Next, EUR some time traded near this level and when it reached support line of wedge, it continued to move up.
In a short time, price reached $1.0450 level, broke it, and rose to resistance line of wedge, after which corrected.
So, I think that price can fall to support area and then bounce up to $1.0580, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Euro almost rose to the resistance line of the wedge. For this reason, I think it can reach this line, break it, thereby exiting from wedge and then make a retest. After this, the Euro will continue to grow to my new target 1.0625 points:Trade closed manually
Euro declined from the resistance line to almost the support line of the wedge, breaking the support level. So, I close this trade.
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🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
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🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
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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.