EURO - Price can enter to resistance area and then bounce down

2024年11月6日

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

Some days ago price grew inside rising channel, where it broke $1.1070 level and rose to resistance line.

Then price made a correction, after which continued to grow, but when it reached resistance line again, EUR turned around.

After this, price started to decline inside pennant, exiting from channel as well, and also soon broke $1.1070 level.

Next, price fell until to support line, which coincided with $1.0760 level and at once bounced up.

Euro rose to resistance line of pennant and then made downward impulse, exiting from pattern and breaking $1.0760 level.

Now, I think that price can grow to resistance area, where it reaches resistance level, and then bounce down to $1.0550

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