With less than a month to go before the end of 2019, I am of the opinion that US will continue to rally towards the Christmas and ends 2019 with good results!
Look at S&P 500 , Dow, Nadsdaq , Japan and many equities market hitting all time high.
US Dollar will continue to go high as per the green arrows and if it does towards 2020, then we can expect EURUSD to hit the 1.08 price level. The support level at 1.099 is pretty strong and it may takes a while for the price to break down, so be patient.
Again, there is no guarantee that price must wiggle in and out till the end of the wedge before it breaks out as it can do so at anytime.
Look at S&P 500 , Dow, Nadsdaq , Japan and many equities market hitting all time high.
US Dollar will continue to go high as per the green arrows and if it does towards 2020, then we can expect EURUSD to hit the 1.08 price level. The support level at 1.099 is pretty strong and it may takes a while for the price to break down, so be patient.
Again, there is no guarantee that price must wiggle in and out till the end of the wedge before it breaks out as it can do so at anytime.
Comment:
Now that it has breakout earlier than expected, what do you do now ? You would see clearly that there is resistance at 1.10873 so the price will retrace. So long as the price stays above and closed above the black trend line, one can enter a buy else wait as it could be a false breakout.
