Shayannv

EURUSD - Daily Analysis - One more bullish leg?

Long
FX:EURUSD   Euro / U.S. Dollar
As you can observe, the downtrend is showing weakness. We are approaching a significant support level in a falling wedge pattern, which is a reversal pattern. You can see the inverse pattern (rising wedge) on the DXY daily chart.

So I expect a bullish reversal from this area.

The safest entry would be after the first correction/confirmation on the lower time frame!

Thanks for your attention ;)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.