Euro / U.S. Dollar
Short
Updated

EURO - Price can continue to decline inside falling channel

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

Recently price broke $1.0560 level and fell to support line, after which rose to resistance line and continued to fall.

Then price made a gap and fell to support level, after which some time traded near and then made upward impulse.

Price broke resistance line with resistance level, and rose to $1.0630 points, but then it started to fall.

In falling channel, price broke $1.0560 level again and fell to support area, after which bounced up, making a fake breakout.

Next, Euro started to grow and now it continues to move up, therefore I think it can almost reach resistance line.

After this, price can turn around and start to fall to $1.0470 support level inside falling channel.

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Trade active
Very well! Euro made movement as I said yesterday, and now almost reached my target. Therefore why I still waiting for the price to finally reach my target.
Trade closed: target reached
In my mind, price can rise to resistance lin again and then drop to support level:

snapshot

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