WalterMoon

EURO - Price can break support level and continue to move down

Short
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👊

A few moments ago price started to decline and it entered to wedge, where it first fell to support line, breaking $1.0920 level.

After this, Euro soon backed up, breaking $1.0920 level again, and then reached resistance line of wedge.

Then price started to decline in falling channel, where it exited from wedge and even later broke $1.0920 level.

In channel, EUR declined until to $1.0770 support level, which is located in support area and recently it bounced up from it.

At the moment Euro trades near support area and possibly price can make a little movement up and then bounce down.

Also, Euro can break $1.0770 support level and continue to fall to the $1.0770 support line of channel.

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