EUR/USD – symmetrical triangle on weekly chart
A weekly close above 1.10 would signal the sell-off from 1.3993 (May 2015 high) has ended at 1.0341 (2017 low).
Bearish scenario – Failure to hold above the weekly 50-MA would open doors for 1.07 levels.
Bearish scenario – Failure to hold above the weekly 50-MA would open doors for 1.07 levels.
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.