Bull wedge in the EURO.

FX:EURUSD   Euro / U.S. Dollar
729 5 7
Bull wedge with positive RSI divergence. Pretty wild that it looks like the UVXY             prior to it's huge breakout.
There is a potential pattern forming, but in my opinion, going long on this pair is still considered as a counter trend trade.

You're late to the game my friend!!
+1 Reply
in my opinion it is possible but not at this moment we dont have a clear formation to the upside or downside... if a trend is in the making to the upside will have to correct further towards 1.2350 at least in order to get a sustainable trend...
in fact I can see parity coming. Euro dropping to 1.05 / 1.00
USD is breaking out on a bull run. Can't see any long on this euro chart
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