Here we see the price of the EUR/USD pair recently have retested a very relevant resistance forming a blueprint of a descending channel. Within the channel we see a 5-wave (ABCDE, rising wedge respect the same resistance level. A confirmed breakout from this triangle would see the price reach the end of the channel.
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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.