EURO - Price can continue move up to $1.0420, exiting of pennant

5天前

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

Recently price started to decline inside falling channel, where it bounced from support line and rose to resistance line first.

Then Euro turned around and dropped to $1.0380 level, some time traded near and later broke it.

Next, Euro exied from channel and fell to support level, after which bounced from this level to $1.0380 level.

Price broke this level, but soon it turned around, broke this level again, and started to decline inside pennant.

In pennant, EUR fell to support line, after which rose to resistance line of this pattern, breaking $1.0245 level.

Now, I think that Euro exit from pennant, reach resistance level, and break it, after which continue to grow to $1.0420

If this post is useful to you, you can support me with like/boost and advice in comments❤️