Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price reached $1.0950 level and then made a correction movement, after which started to grow in a pennant.
Price made an upward impulse from support line of pennant and broke $1.0950 level, after which made a retest.
Then price continued to move up and reached $1.1300 level, and soon broke it too, and then made a correction movement.
After this, price rose to resistance line of pennant and then started to decline and soon broke $1.1300 level again.
But later it boucned from support line and backed up, and even now it trades very close to resistance line.
In my mind, Euro can rise a little, thereby exiting from pennant and then make a correction to $1.1300 level.
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Some days ago price reached $1.0950 level and then made a correction movement, after which started to grow in a pennant.
Price made an upward impulse from support line of pennant and broke $1.0950 level, after which made a retest.
Then price continued to move up and reached $1.1300 level, and soon broke it too, and then made a correction movement.
After this, price rose to resistance line of pennant and then started to decline and soon broke $1.1300 level again.
But later it boucned from support line and backed up, and even now it trades very close to resistance line.
In my mind, Euro can rise a little, thereby exiting from pennant and then make a correction to $1.1300 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
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Ok! Price exited from pennant and rose a little more, so now I expect price will make correction movement.
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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
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
🔥 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.