EURO - Price can bounce up of support area and exit of triangle

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

Some days ago price entered to rising channel, where it at once fell to support line, breaking $1.0675 level.

After this, price in a short time rose higher $1.0675 level, breaking it again, and continued to grow in channel.

Later EUR reached $1.0865 level, which coincided with resistance area, and some time traded between this level.

Then price made fake breakout of $1.0865 level and made downward impulse to $1.0675 level, exiting from channel.

Also then, price started to trades inside triangle, where it continues to trades near support level now.

So, I think that Euro can fall to support area and then bounce up to $1.0800, exiting from triangle

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Note

Price a little declined to the support level, not declining to the support zone, and also it started to grow a not long time ago. So, I think the Euro can continue to grow to the resistance line of triangle. After reaching this line it can exit from the triangle pattern and continue to grow

Note

Euro recently a little declined and now trades close to the support level, so, I think that it can decline to the support area and then bounce up to $1.0800, exiting from triangle pattern

WalterMoon

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WalterMoon

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