EURO - Price can exit from wedge and continue to decline
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price declined below $1.0900 resistance level, where it entered to flat.
But after price tried to rise higher resistance level, it failed and made strong downward impulse to $1.0770 level.
Also, Euro bounced from $1.0770 level and made upward impulse higher of $1.0900 resistance level.
Later price in a short time declined back and entered to wedge, in which recently Euro fell below $1.0770 to support line.
Now price trades close to resistance area, and I think Euro can continue to decline to support line and try to break it.
After breakout, Euro can make retest, or at once bounce down to $1.0680 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price declined below $1.0900 resistance level, where it entered to flat.
But after price tried to rise higher resistance level, it failed and made strong downward impulse to $1.0770 level.
Also, Euro bounced from $1.0770 level and made upward impulse higher of $1.0900 resistance level.
Later price in a short time declined back and entered to wedge, in which recently Euro fell below $1.0770 to support line.
Now price trades close to resistance area, and I think Euro can continue to decline to support line and try to break it.
After breakout, Euro can make retest, or at once bounce down to $1.0680 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️