EURO - Price can break resistance level and then exit of pennant
Updated
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in commentsđź‘Š
Some time ago price entered to pennant, where it at once declined to support line and made upward impulse.
Price broke $1.1080 level and then made a retest and then continued to move up, but later made correction.
Next, EUR made upward impulse to $1.1180 level but then turned around and declined to support line of pennant.
Later it made upward impulse to resistance line of pennant but soon fell below $1.1180 resistance level.
But a not long time ago it rose to resistance line of pennant again and recently fell back and now it is trying to rise.
In my mind, EUR can little decline and then bounce up to $1.1225, breaking resistance level and exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price entered to pennant, where it at once declined to support line and made upward impulse.
Price broke $1.1080 level and then made a retest and then continued to move up, but later made correction.
Next, EUR made upward impulse to $1.1180 level but then turned around and declined to support line of pennant.
Later it made upward impulse to resistance line of pennant but soon fell below $1.1180 resistance level.
But a not long time ago it rose to resistance line of pennant again and recently fell back and now it is trying to rise.
In my mind, EUR can little decline and then bounce up to $1.1225, breaking resistance level and exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
GREAT! Price bounced up to resistance line of pennant, breaking resistance level and even making a fake breakout of resistance line of pennant. Now, I think it can decline to $1.1180 level and then bounce up, exiting from pennant and reaching my first target. After this it can continue to move up, so, I set a second target at $1.1260 points:
Trade active
Euro bounced from resistance line and dropped to $1.1080 support level, breaking $1.1180 level and exiting from pennant. I think it can little decline below support level and then bounce up to $1.1140 points:
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