on eurusd after a steady decline and violation of 1.15 level we see a retracement
going up until 1.16 forming a pretty looking rising wedge.
bearish breakout of this pattern will trigger massive selling reaction, so we might see the retest of previous structure low.
rsi divergence gives us a clear indication of falling bullish momentum and exhaustion of bulls.
I base my initial target on the market local low 1.144
good luck!
Comment:
attempt to break
Comment:
Going down
Comment:
will be waiting for bearish continuation next week
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