After forming a rising wedge at the top of the upward channel, EUR/USD has broken to the downside. The price is now trading below 1.17813 and struggling to reclaim previous support zones.
The break of the wedge and failure to hold above 1.17813 may indicate more downside pressure.
The break of the wedge and failure to hold above 1.17813 may indicate more downside pressure.
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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.