WalterMoon

EURO - Price can fall to support level and try to break it

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👊

After price started to rise inside rising channel, it rose and soon broke $1.0535 support level, which coincided with support area.

Later, Euro reached resistance line of channel, made correction, and then rose to $1.0640 resistance level.

Euro exited from channel, reached resistance line, and at once fell below $1.0640 level to support line.

Next, price declined to support level, and after this it made upward impulse to $1.0640 level, breaking resistance line.

But recently, Euro fell to support level, thereby making fake breakout of resistance level, and now trades close.

In my mind, price can rise a little more and then bounce down to $1.0485, breaking support level.

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