FOREX MARKET ANALYTICSEURO - Price can break support level and make retest
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments on TradingView (link above)
When price declined to support line, Euro at once bounced up and made strong upward impulse to resistance line.
Thereby Euro entered to triangle and broke $1.0945 and $1.1015, but soon price fell below.
Then price started to grow again and even rose higher of resistance line, thereby leaving triangle.
Next, Euro reached $1.1095 point and started to decline inside from falling channel.
In channel, price fell below $1.1015 level, but later bounce up, exited from channel, and now trades near support level.
I think Euro can bounce down, break support level, and continue to fall to $1.0945
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