EUR/USD has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 13 days and suggests a possible target level to be around 1.1100 within the next 2 days.
Related Posts
USDJPY breakout from a Falling Wedge trade setup. Will it continue this trend to hit the target price?
USDJPY moved through the resistance line of a Falling Wedge at 143.70335714285713 on the 4 hour chart. This…
EURCAD is approaching 1.6008. We expect either a breakout through this line, or a rebound.
EURCAD is moving towards a key support level at 1.6008. EURCAD has previously tested this level 5 times…
Could 6 consecutive daily bearish candles on EURCHF be a sign of things to come?
EURCHF has experienced an unusual quantity of bearish candles on the Daily timeframe. This is in the 0.949999988079071…