EURO - Price can bounce down from resistance area to $1.0385

1 dic

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

A few days ago price bounced from $1.1000 level and rose to $1.1205 points, after which turned around.

Then price started to decline inside falling channel, where it at once reached and broke $1.1000 level.

After this, EUR fell to support line of falling channel, and then bounced and rose to resisatnce line, making a first gap.

Price made downward impulse, thereby exiting from channel and starting to trades inside flat, breaking $1.0585 level too.

In flat, Euro fell to bottom part but then turned around, made a second gap, and now trades close to $1.0585 level.

In my mind, Euro can enter to resistance area and then start to decline to $1.0385, which coincides with bottom part of flat.

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2 dic

Operación activa

Price bounced from the resistance level and started to decline. For this case, I think that the price will grow to the resistance level again and then continue to decline to my target:

4 dic

Operación cerrada: objetivo alcanzado

Euro didn't rise to the resistance level, it continued to decline as I said. So, I think soon the price can finally reach my target.