EURO - Price can bounce down from top part of flat to $1.0620
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
After price bounced of $1.0770 resistance level, which is located in resistance area, it rose to $1.0935 points and then started to fall in falling channel.
Inside channel, price broke $1.0770 level and declined to support line, after which it continued to fall.
When Euro reached resistance line of channel, it bounced down to $1.0500 support level, exiting from channel and entering to flat.
At the moment, price continues to trades inside flat, and possibly Euro can first rise to top part of flat.
Then price can start to decline to $1.0620 which coincides with bottom part of flat, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
After price bounced of $1.0770 resistance level, which is located in resistance area, it rose to $1.0935 points and then started to fall in falling channel.
Inside channel, price broke $1.0770 level and declined to support line, after which it continued to fall.
When Euro reached resistance line of channel, it bounced down to $1.0500 support level, exiting from channel and entering to flat.
At the moment, price continues to trades inside flat, and possibly Euro can first rise to top part of flat.
Then price can start to decline to $1.0620 which coincides with bottom part of flat, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️