EURUSD Falling Wedge Trend
Updated
The past few days a falling wedge has formed indicating that DXY is declining. After what was initially thought to be a double bottom rebound, it broke through that point and returned upwards, breaking that idea. Possible support line being retested at the time I am posting this. If support is broken continue trading the falling wedge, otherwise, SHORT!
Note
It seems as the retest has taken place it is now time to shortNote
Looks like it has reversed and is now supporting the previous trend.
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.