EURO - Price can make small movement up and then bounce down
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A not long time ago price entered to flat, where it at once bounced up to $1.0890 level from $1.0770 level.
Then it turned around and little declined, after which price some time traded in flat and then made upward impulse.
Price exited from flat, and then declined lower $1.0890 level, after which it tried to rise, but failed.
Euro made a fake breakout of $1.0890 level and continued to decline inside pennant, where it later broke $1.0770 level too.
At the moment, price rising near support line of pennant, and I think it can make small movement up first.
After this, Euro can bounce down, thereby exiting from pennant and continuing to fall to $1.0660
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago price entered to flat, where it at once bounced up to $1.0890 level from $1.0770 level.
Then it turned around and little declined, after which price some time traded in flat and then made upward impulse.
Price exited from flat, and then declined lower $1.0890 level, after which it tried to rise, but failed.
Euro made a fake breakout of $1.0890 level and continued to decline inside pennant, where it later broke $1.0770 level too.
At the moment, price rising near support line of pennant, and I think it can make small movement up first.
After this, Euro can bounce down, thereby exiting from pennant and continuing to fall to $1.0660
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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