EURO - Price can rise a little more and then start to fall

13 Nis

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

Some time ago price moved inside a falling channel, slowly declining and bouncing from support to resistance.

Then EUR made a breakout, exited the channel, and started forming a rising wedge with clear bullish acceleration.

After a breakout, the price continued to grow and reached the upper boundary of the wedge pattern on the chart.

Recently Euro touched the resistance zone and showed a bounce from the local top near the wedge's upper edge.

Now it trades inside wedge formation and stays above support area near $1.1145 without strong momentum.

In my opinion, Euro can drop from current levels and reach $1.1150 zone as next support target soon.

If this post is useful to you, you can support me with like/boost and advice in comments❤️

14 Nis

İşlem aktif

Good! Euro rose, and now I expect that it will turn around and start to fall.

15 Nis

İşlem kapandı: hedefe ulaştı

Yeah! Euro exited from wedge pattern and in my mind, it will continue to fall next.