EURO - Price can bounce down from triangle to $1.0640 points

10 Kas 2024

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

Recently price entered to rising channel, where some time grew near resistance line and then fell below.

After this, price in a short time rose to $1.0830 level, made correction, and then bounced up, breaking this level.

Next, price continued to grow in channel, and even made a gap, after which rose to $1.0935 points and turned around.

Price made downward impulse, breaking $1.0830 level and exiting from rising channel too, and started to trades in triangle.

In triangle, price fell to support area, after which bounced up to resistance line, but soon fell back.

Now, I expect that price can reach resistance line of triangle and then bounce down to $1.0640, breaking support level.

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11 Kas 2024

İşlem aktif

Very well! Euro broke the support level, exiting from the triangle too, and almost reaching my target. For this reason, I still waiting when it reaches it.

12 Kas 2024

İşlem kapandı: hedefe ulaştı

Nice! Euro dropped to my target. That's why I close this trade.