In the past three weeks, EurUsd fell hard and after breaking under 1.15 important support, the pair has tumbled under 1.12
However, the last part of this drop, from above 1.1350, is in a falling wedge pattern and the new lows are marginal.
I expect EurUsd to recover some of the losses and a break back above 1.1250 would confirm my outlook.
Short term buyers can target 1.1380 resistance and a new low would put pause to this scenario
However, the last part of this drop, from above 1.1350, is in a falling wedge pattern and the new lows are marginal.
I expect EurUsd to recover some of the losses and a break back above 1.1250 would confirm my outlook.
Short term buyers can target 1.1380 resistance and a new low would put pause to this scenario
📈 Forex & XAU/USD Channel:
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.