EURO - Price can drop to support level and then start to move up

30 Nis

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

Recently, price started to decline inside falling channel, where it reached support line firslty and then bounced up.

Price grew to the resistance line of the channel, which coincided with $1.0950 level, and then in a short time fell back to support line.

Next, Euro made an upward impulse, thereby exiting from channel, and also soon broke $1.0950 level.

After this, price rose a little and then made correction, after which coincided to move up inside pennant.

In the pennant pattern, the price broke $1.1320 level and later reached the resistance line, after which corrected.

Now, I think that the Euro can exit from pennant, fall to the support level, and then bounce up to $1.1510

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1 May

İşlem aktif

YES! Price exited from the pennant and reached support level, now I think it can start to grow.

2 May

İşlem elle kapatılmış

Euro continued to fall. It even broke support level and now trades in support area. So, I closed this trade.