EURO - Price can bounce up from wedge, exiting from it
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it at once made a correction to support line and then continued to grow.
In a short time, price rose to resistance line of channel, but at once bounced down, making a fake breakout of $1.1120 level.
EUR exited from channel and started to trades inside wedge, where it broke $1.1050 level and fell to support line.
Next, price made upward impulse, thereby breaking this level again and later EUR broke $1.1120 level too.
Now, price trades near support area, and in my mind, it can fall to this area and then bounce up.
After this, price will exit from wedge and continue to move up to $1.1180
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price entered to rising channel, where it at once made a correction to support line and then continued to grow.
In a short time, price rose to resistance line of channel, but at once bounced down, making a fake breakout of $1.1120 level.
EUR exited from channel and started to trades inside wedge, where it broke $1.1050 level and fell to support line.
Next, price made upward impulse, thereby breaking this level again and later EUR broke $1.1120 level too.
Now, price trades near support area, and in my mind, it can fall to this area and then bounce up.
After this, price will exit from wedge and continue to move up to $1.1180
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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