WalterMoon

EURO - Price can correct below support level and then bounce up

Long
OANDA:EURUSD   Euro / U.S. Dollar
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊

Some days ago price declined to $1.0865 level, which coincided with resistance area in falling channel.

After this, EUR some time traded between this level and later broke it and fell below, but soon price tried to back up.

Euro failed and declined to $1.0725 support level, which coincided with support area, after which price exited from channel.

Then Euro started to trades in wedge, where it bounced from support line and made upward impulse, making fake breakout.

Price reached $1.0865 level and even recently broke it, so at the moment EUR trades in resistance area.

Possibly, Euro can correct below support level and then bounce up to $1.0945, exiting from wedge.

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