WalterMoon

EURO - Price can correct to support level and then bounce up

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👊

A not long time ago price traded between $1.0950 resistance level, which coincided with resistance area.

After this, Euro little rise, after which it started to decline in falling channel, where soon price broke $1.0950 level.

Then price declined to support level, which coincided with support area, and started to trades near this level in channel.

Later Euro even declined below $1.0850 level to support line of channel, but soon turned around and rose to resistance line.

Price fell below $1.0850 again, but recently it rose back, and at the moment EUR trades near this level.

In my mind, Euro can make correction to this level and then bounce up to $1.0910 resistance line of channel.

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