EURO - Price can break support level and continue fall in wedge

2024年11月17日

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

Recently price grew inside rising channel, where it at once broke $1.0835 level, after which rose to resistance line.

Also, in channel, price made a gap, after which rose to $1.0935 points and then started to decline.

Euro exited from channel, and continued to decline inside wedge, where it broke $1.0835 level and fell to $1.0680 level.

Price tried to grow, but failed and later broke $1.0680 level too, and continued to decline next to support area.

When price reached this area, which coincided with $1.0530 support level, it bounced and now EUR trades near it.

In my mind, price can grow to resistance line of wedge and then continue to fall to $1.0425, breaking support level.

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2024年11月18日

交易开始

Euro reached resistance line of wedge, after which little declined. For this case, I think it will break support level and continue to decline to my target, which coincides with support line of wedge pattern.

2024年11月19日

交易结束：到达止损

Price exited from wedge, and even rose a little grow. But later it fell to the support level and now trades near this level. So, I think it can bounce from this level and start to grow, therefore I close this trade.