WalterMoon

EURO - Price can decline a little more and then start to rise

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👊

When price entered to rising channel, it first declined to support line and then at once bounced up to $1.0725 level.

Then EUR broke it, but at once made correction below, after which broke this level again and continued to move up.

Next, price reached resistance level, which coincided with resistance zone, but at once Euro made correction.

After this, price made strong impulse higher than $1.1010 level, and soon it declined back to support line, making fake breakout.

Also recently, EUR broke support line, thereby exiting from rising channel, and now price trades below this line.

In my mind, Euro can decline a little more, and then it start to move up to $1.1010 resistance level.

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