EURO - Price can rise a little and then fall to support area

12 Mar

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

Some days ago, the price started to grow inside a rising channel, where it firstly broke $1.0365 level and then reached resistance line.

After this, Euro declined to support line of channel, making a gap, after which, in a short time, it rose to $1.0365 level.

Price some time traded near this level and then continued to grow inside a rising channel, but later it corrected.

Then Euro made strong upward impulse, thereby exiting from rising channel and soon broke $1.0765 level.

Next, price made a retest and continued to move up, so, I think Euro can make a small movement up.

Also, then I expect that Euro may start to decline to $1.0730 support area, breaking support level.

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13 Mar

İşlem aktif

Amazing! Price started to decline, so, I expect that it will continue to fall and reach my target.

14 Mar

İşlem elle kapatılmış

Euro started to grow, so, I close this trade.