Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in commentsđź‘Š
A few days ago price bounced from $1.1000 level and rose to $1.1205 points, after which turned around.
Then price started to decline inside falling channel, where it at once reached and broke $1.1000 level.
After this, EUR fell to support line of falling channel, and then bounced and rose to resisatnce line, making a first gap.
Price made downward impulse, thereby exiting from channel and starting to trades inside flat, breaking $1.0585 level too.
In flat, Euro fell to bottom part but then turned around, made a second gap, and now trades close to $1.0585 level.
In my mind, Euro can enter to resistance area and then start to decline to $1.0385, which coincides with bottom part of flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few days ago price bounced from $1.1000 level and rose to $1.1205 points, after which turned around.
Then price started to decline inside falling channel, where it at once reached and broke $1.1000 level.
After this, EUR fell to support line of falling channel, and then bounced and rose to resisatnce line, making a first gap.
Price made downward impulse, thereby exiting from channel and starting to trades inside flat, breaking $1.0585 level too.
In flat, Euro fell to bottom part but then turned around, made a second gap, and now trades close to $1.0585 level.
In my mind, Euro can enter to resistance area and then start to decline to $1.0385, which coincides with bottom part of flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Price bounced from the resistance level and started to decline. For this case, I think that the price will grow to the resistance level again and then continue to decline to my target:Trade closed: target reached
Euro didn't rise to the resistance level, it continued to decline as I said. So, I think soon the price can finally reach my target.
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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.