Euro / U.S. DollarShort
EUR/USD - 3 POSSIBLE ROUTES | MID-TERM TREND OUTLOOK
EUR/USD looking at 3 possible routes for the mid-term.
VERDICT: I believe that EUR/USD will be rejected by this key level and the moving average. I will continue to observe the falling wedge and see if it plays out.
- Falling wedge break-out to the upside after breaking key resistance level
- Falling wedge break-out to the upside after bouncing off lower support level
- Falling wedge invalidation and continuation to the downside to the next major support level(s)
VERDICT: I believe that EUR/USD will be rejected by this key level and the moving average. I will continue to observe the falling wedge and see if it plays out.
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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.