EURO - Price can make correction and then continue to move up

9 Nis

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

Some days ago price broke resistance and started a strong upward impulse, exiting from a flat accumulation zone.

After this breakout, the Euro made a sharp rise and formed a rising wedge pattern.

Then price reached the upper boundary of a wedge and bounced down, testing the support line of the pattern.

Recently, it touched the support zone near the $1.0800 level and then bounced with recovery toward resistance.

Now price trades inside wedge, holding above support line and forming bullish continuation structure.

In my opinion, Euro can continue to grow and reach $1.1185 resistance line of the wedge soon.

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

10 Nis

İşlem aktif

Amazing! Price corrected and then started to grow. I expect that it can soon reach my target.

11 Nis

İşlem kapandı: hedefe ulaştı

Very well! Euro reached my target and even rose higher, thereby exiting from wedge as well.