EURO - Price can reach resistance area and then bounce down
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price rose to $1.1135 level, which coincided with the resistance level, and at once bounced down.
Price fell to $1.1005 level and then started to grow inside wedge, where it in a short time reached $1.1135 level.
After this, price some time traded between this level, until it finally broke it and then rose higher than resistance zone.
But then, EUR turned around and made strong downward impulse, thereby exiting from wedge and breaking $1.1135 and $1.1005 level.
Also, price little fell more, but recently it turned around and started to grow, so, I think it can reach resistance area.
Then Euro can bounce from resistance zone and start to decline to $1.0900
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price rose to $1.1135 level, which coincided with the resistance level, and at once bounced down.
Price fell to $1.1005 level and then started to grow inside wedge, where it in a short time reached $1.1135 level.
After this, price some time traded between this level, until it finally broke it and then rose higher than resistance zone.
But then, EUR turned around and made strong downward impulse, thereby exiting from wedge and breaking $1.1135 and $1.1005 level.
Also, price little fell more, but recently it turned around and started to grow, so, I think it can reach resistance area.
Then Euro can bounce from resistance zone and start to decline to $1.0900
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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.