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Nairaland Forum / Nairaland / General / EURO - Price Can Bounce Up To Resistance Line In Falling Channel (102 Views)
British Pound Trades In Wedge And Can Rose To Resistance Line / EURO - Price Can Bounce Of Resistance Area And Start To Fall / GBP/USD Can Break The Resistance Line Of The Channel And Rise (2) (3) (4)
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EURO - Price Can Bounce Up To Resistance Line In Falling Channel by Ronald85roy: 7:21am On May 25, 2023 |
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 After price bounced from resistance line it declined below $1.0760 level to support line. But at once price bounced up and rose higher than $1.0760 level. Then Euro reached resistance line again, made correction to support line, and bounced up to resistance area. Thereby price breaking resistance level, but soon Euro declined below this level. Next, price made bounced up to resistance area again and then started to fall in falling channel. Inside channel price broke $1.0990 level and a not long time ago $1.0760 and now trades near in support area. Possibly Euro can bounce up from support area and start to rise to $1.0800 resistance line inside channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
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