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WalterMoon
Dec 1, 2023 1:40 PM

EURO - Price can reach support level and then bounce to $1.0930 Long

EUR/USDOANDA

Description

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Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in commentsđź‘Š

When price entered to rising channel, it first fell to support area, which is located at $1.0855 level.

After this, Euro bounced and made upward impulse to resistance line of channel, which coincided with resistance level.

Next, price corrected to support line, and then Euro in a short time rose higher than $1.0965 level.

But soon, price around down and started to decline to support line of channel, thereby breaking $1.0965 level again.

Also recently, Euro exited from channel and fell lower, so, the possibly price can reach support level and then bounce up to $1.0930

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Comments
Babenski
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Looks great
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