sorinT
Short

Price pattern breakdown

FX_IDC:EURUSD   EURO / US DOLLAR
The rising wedge broke downward and thus we should expect lower prices in the coming weeks.
A reasonable target would be 1.04.
snapshot
That will be the first target. Actual decrease should be the length of the base from the break point. My two cents :)
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sorinT bekirdur
Sure, you are right. But that only if the breakdown is a valid one. Thanks!
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It looks valid from your from drawing view :) 1 more day close under that line would make certain in my opinion.
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sorinT bekirdur
Let's see on Monday. Anyways, monthly chart shows the pressure on the supply trendline. If that breaks, then we might go even lower:
snapshot
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sorinT sorinT
err: the demand trendline, sorry:)
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sorinT kopparam
Looks nice, thanks a lot.
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Yes, a few days are required to be sure, since the break low from the dollar's was so quickly reversed (for now).

snapshot
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