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WalterMoon
Feb 19, 2024 12:46 PM

EURO - Price can bounce up from support line and exit from flat Long

EUR/USDOANDA

Description

Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments.
Some days ago price traded near resistance level, which coincided with resistance area, but later it bounced to $1.0890 points.
After this, Euro made correction, and then in a short time rose back, entered to traingle and made downward impulse.
Then price entered to flat, where it fell to support line of triangle and started to move up to $1.0800 level.
When price reached this level, it bounced down to $1.0710 support level, which coincided with support area.
EUR started to rise near support line and in a short time later almost reached resistance level.
Now, price trades near this level and I expect that EUR can decline to support line and then bounce up to $1.0840, exiting from flat.
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Comments
Xanrox
The price pumped. Good TA and accurate analysis.
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