novvoll12

EURUSD 1.0917: Neutral – Within a 6-day falling wedge

FX:EURUSD   Euro Fx/U.S. Dollar
44 0 1

EURUSD             forms a falling wedge over the last 6 days (as shown on the 240minute chart). With indicators neutral, an upside break above 1.0942 would signal wedge breakout and offer near-term scope higher towards 1.0986 then the 1.1061 area near 2-month triangle resistance, beneath the 1.1113/1.1128 top area (31/27 July, 2015 highs) which may cap the consolidation. A breakdown below 1.0847 (August 5, 2015 low) would weaken towards 1.0807/1.0818 2-month triangle support zone . Beneath lies the rising trendline (from March 13, 2015 low) currently at 1.0750 ahead of 1.0699, the 76.4% retracement of 1.0461/1.1466 rise.

Outlook:
Short term: neutral
Long term: bearish
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out