OptnTradr

Possible Bullish Falling Wedge?

FX:EURUSD   Euro Fx/U.S. Dollar
292 5 0
Or False Breakout On Cyprus News Needs More Follow Through To Be Sure.
False break out!
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yep.. ye' old headfake
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Still like the overall bias on your chart... however, we learned 3050 zone still acting as strong resistance..... typically, falling wedge with the big space between like yours end up being a continuation instead of reversing after the technical bounce. still looking for retest of 3180, 3300 zone for more shorts near future. lets see if today's sell-off down to 2850 level was nothing but a wave b of correction of last swing from 3710.
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do you think like this ?
EUR/USD, IS IT POSSIBLE ? EURO, ELLIOT WAVE , SCENARIO B
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Agree with all the comment's. Today with the market in general was a classic example of a buy the rumor sell the news head fake should be interesting to see what the rest of the week has to offer.
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