EURO - Price can exit from triangle and rise to $1.0520 points

Jan 22

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

Some time ago price started to decline in falling channel, where it declined from $1.0420 level to support line.

Then EUR rose a little and then fell lower than $1.0260 level to support line of channel, but soon bounced up.

After this, Euro broke $1.0260 level again and exited from channel, after which started to trades inside flat.

In flat, price some time traded and later made an upward impulse to $1.0420 level, exiting from flat and entering to triangle.

In triangle pattern, Euro made a correction to support line, but soon backed up and now trades near support area.

So, in my opinion, Euro can decline to support area, exit from triangle, and then start to move up to $1.0520

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Jan 23

Trade active

Price exited from the triangle and even broke the support level and now continues to decline. So, I expect that the price will fall more and then bounce up.

Jan 24

Trade closed: target reached

Awesome! Price declined a little more and then bounced up to my target ($1.0520), breaking the $1.0420 level one more time.