EURUSD is consolidating in a wedge. The trend is bullish, with the correction reaching the 0.7 Fibonacci zone and making a false breakout, which generally changes the market imbalance.
All attention is on the wedge resistance (red line) and the 1.17000 level. A breakout of the resistance and consolidation of the price above this level will confirm the end of the correction and send the price higher.
All attention is on the wedge resistance (red line) and the 1.17000 level. A breakout of the resistance and consolidation of the price above this level will confirm the end of the correction and send the price higher.
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❤️ Telegram channel: t.me/AndeWave
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.