Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently, price started to decline inside falling channel, where it reached support line firslty and then bounced up.
Price grew to the resistance line of the channel, which coincided with $1.0950 level, and then in a short time fell back to support line.
Next, Euro made an upward impulse, thereby exiting from channel, and also soon broke $1.0950 level.
After this, price rose a little and then made correction, after which coincided to move up inside pennant.
In the pennant pattern, the price broke $1.1320 level and later reached the resistance line, after which corrected.
Now, I think that the Euro can exit from pennant, fall to the support level, and then bounce up to $1.1510
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently, price started to decline inside falling channel, where it reached support line firslty and then bounced up.
Price grew to the resistance line of the channel, which coincided with $1.0950 level, and then in a short time fell back to support line.
Next, Euro made an upward impulse, thereby exiting from channel, and also soon broke $1.0950 level.
After this, price rose a little and then made correction, after which coincided to move up inside pennant.
In the pennant pattern, the price broke $1.1320 level and later reached the resistance line, after which corrected.
Now, I think that the Euro can exit from pennant, fall to the support level, and then bounce up to $1.1510
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
YES! Price exited from the pennant and reached support level, now I think it can start to grow.Trade closed manually
Euro continued to fall. It even broke support level and now trades in support area. So, I closed this trade.
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💎 We are provide daily Crypto and Forex (include Gold) signals.
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
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.