EURO - After exiting from wedge, price can break support level
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
When price bounced down from $1.1000 level, which coincided with support area, it fell and started to flat.
In flat, Euro declined to one more support area, which coincided with $1.0785 support level, and soon made fake breakout.
After this, price made upward impulse to $1.1000 level, exiting from flat and then starting to trades in wedge.
Inside wedge Euro broke $1.1000 level and later reached resistance line, but recently it bounced down and exited from wedge.
Now Euro trades near support area, and I think that Euro can fall to support level, and maybe try to break this level.
After which, EUR can make retest and then continue to fall to $1.0910 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
When price bounced down from $1.1000 level, which coincided with support area, it fell and started to flat.
In flat, Euro declined to one more support area, which coincided with $1.0785 support level, and soon made fake breakout.
After this, price made upward impulse to $1.1000 level, exiting from flat and then starting to trades in wedge.
Inside wedge Euro broke $1.1000 level and later reached resistance line, but recently it bounced down and exited from wedge.
Now Euro trades near support area, and I think that Euro can fall to support level, and maybe try to break this level.
After which, EUR can make retest and then continue to fall to $1.0910 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️