EURO - Price can continue to decline inside falling channel

16 thg 10, 2024

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

Some time ago price started to grow inside rising channel, where it soon broke 2-nd ($1.1090) resistance level.

After this movement, price some time traded between resistance line of channel and with resistance area.

And last time it bounced from resistance line and broke $1.1090 level, thereby exiting from rising channel too.

Next, price continued to move down inside falling channel, where it broke 1-st ($1.0950) resistance level recently.

Now price continues to fall near resistance line of channel, and I think Euro can rise a little higher resistance line.

Then price will turn around and continue to fall to $1.0760 support line of falling channel.

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17 thg 10, 2024

Giao dịch đang hoạt động

Okay! Euro continues to decline inside falling channel, as I thought. So, I still waiting when it to fall to my target.

18 thg 10, 2024

Giao dịch đang hoạt động

Euro continues to fall inside a falling channel, and I expect that soon it will drop to my target.