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FTE1995
Nov 16, 2018 7:32 PM

EUR/USD - Broken desc wedge pattern, retest before continuation? Long

Euro Fx/U.S. DollarFXCM

Description

- EUR/USD has been within a descending wedge pattern
- Multiple touches of both trend-lines confirm this
- Price made both a false break below followed by a false break above
- Looks to be a convincing break above today
- Leading into next week may see a move lower to retest the trend-line before continuing up
- Strong resistance level noted

THIS IS NOT TRADE ADVICE NOR A TRADE CALL
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