Market Instrument: EURUSD
Timeframe: H4
Analysis: Technical
Structure: Falling Wedge
Prediction: Bullish
After a strong price drop for EURUSD price got back once again close to the lower boundary formed on the falling wedge. If the price manages to show up a reversal with a strong bullish pressure we will see a nice move ahead to the upside with a breakout on the upper boundary.
Timeframe: H4
Analysis: Technical
Structure: Falling Wedge
Prediction: Bullish
After a strong price drop for EURUSD price got back once again close to the lower boundary formed on the falling wedge. If the price manages to show up a reversal with a strong bullish pressure we will see a nice move ahead to the upside with a breakout on the upper boundary.
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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.