EURUSD analysis 7/29/21 Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Jul 29, 2021 4:55 PM

With a long Bearish rising wedge and the price stabilizing in the zone I see there being a price correction and then an immediate drop. Thoughts?

Trend Analysis

Comments

arezqiah

⋅ Jul 29, 2021 5:09 PM

Very sensible. How far do you expect the drop to go?

nickh3883

⋅ Jul 29, 2021 5:13 PM

@arezqiah, I am an amateur and predicting how far is still something I am working on BUT if I had to pick Id say down to 1.18 where the first big zone ends.