Eurusd analysis: rising wedge pattern
Updated
Eurusd now trading at 1.0744 is now showcasing a rising wedge bearish pattern, the major resistance point of 1.0755-1.0765 can become a potential reversal point.
the current economical crisis happening in Europe along with major financial scenario of petrodollar issue can make euro crumble a bit comparing to us dollar.
we expect a bearish fall till 1.0720 and further down can go till 1.0680 area.
Alternative scenario.
a break above resistance point of 1.0770 can further enhance the upward correction of eurusd.
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the current economical crisis happening in Europe along with major financial scenario of petrodollar issue can make euro crumble a bit comparing to us dollar.
we expect a bearish fall till 1.0720 and further down can go till 1.0680 area.
Alternative scenario.
a break above resistance point of 1.0770 can further enhance the upward correction of eurusd.
for more such contents and market related updates boost follow and share us
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