EURO - Price can continue decline to $1.0630 in falling channel
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 wedge, where it at once broke $1.0850 level and fell to support line of wedge.
Then price in a short time rose to resistance line, breaking $1.0850 level again, but soon it made downward impulse.
Price exited from wedge, broke $1.0850 level again, and fell to $1.0735 level, which coincided with resistance area.
After this, Euro bounced up to $1.0850 level, after which started to decline inside falling channel.
In channel, price fell lower $1.0735 level, thereby breaking it, and now EUR trades close to support line.
Possibly, price can rise to resistance area, after which Euro turn around and continue to fall to $1.0630 in channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price entered to wedge, where it at once broke $1.0850 level and fell to support line of wedge.
Then price in a short time rose to resistance line, breaking $1.0850 level again, but soon it made downward impulse.
Price exited from wedge, broke $1.0850 level again, and fell to $1.0735 level, which coincided with resistance area.
After this, Euro bounced up to $1.0850 level, after which started to decline inside falling channel.
In channel, price fell lower $1.0735 level, thereby breaking it, and now EUR trades close to support line.
Possibly, price can rise to resistance area, after which Euro turn around and continue to fall to $1.0630 in channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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