WalterMoon

EURO - Price can break resistance level and bounce up to $1.0925

Long
WalterMoon Updated   
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 time ago price declined from resistance line to support line and then started to move up to $1.1015 level.

In a short time, EUR rose to $1.1015 resistance level, which coincided with resistance area and soon broke it.

After this, price rose to resistance line and then made downward impulse lower than $1.1015 level, breaking it.

Next, Euro continued to decline in falling channel, where price first rose to resistance line and then bounced down.

Price declined to $1.0845 level, and some time later EUR broke it and fell to support line of channel.

But recently it started to rise and I think Euro can break $1.0845 level, make retest, and then bounce up to $1.0925 level.

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Comment:
The Euro didn't break the resistance level, it bounced down from it, and recently price rose back and now it trades near this level again. So, I think now, the Euro can break this level, make a retest, and continue to rise to $1.0935

Comment:
Euro broke $1.0845 level, but soon turned around and fell to the support line of the channel. Now, it can rise to the resistance area, after which tries to break the resistance level again. If EUR doesn't break this level it will fall back to the support line, so we'll see

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