WalterMoon

EURO - Price can bounce up from support area to $1.0790

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👊

Recently price broke $1.0885 level, which coincided with resistance area and continued to decline in falling channel.

Soon, price fell to support line, after which it bounced and reached resistance line and then continued to fall near this line.

When Euro reached support level, which coincided with support area, it at once bounced up, thereby exiting from channel.

Then price started to trades in flat, where EUR sometimes reached resistance area, but last time it made a downward impulse.

Price exited from flat and declined to $1.0730 support level, where at the moment it trades very close.

So, I think Euro can fall to support area, after which it bounce up to $1.0790

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