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JayanVarsani

EUR/USD - 3 POSSIBLE ROUTES | MID-TERM TREND OUTLOOK

Short
Euro / U.S. Dollar (FX:EURUSD)  
JayanVarsani  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Currencies Forex retracement continuation Falling Wedge correction EURUSD GBPUSD
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trendanalysis chartpattern currencies forex retracement continuation fallingwedge correction eurusd gbpusd
EUR/USD looking at 3 possible routes for the mid-term.


  • Falling wedge break-out to the upside after breaking key resistance level
  • Falling wedge break-out to the upside after bouncing off lower support level
  • Falling wedge invalidation and continuation to the downside to the next major support level(s)

VERDICT: I believe that EUR/USD will be rejected by this key level and the moving average. I will continue to observe the falling wedge and see if it plays out.
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