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

Rebounds

benangus2003
eurusd
benangus2003 about EURUSD a year ago
bekirdur PRO
a year ago
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 PRO bekirdur
a year ago
Sure, you are right. But that only if the breakdown is a valid one. Thanks!
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bekirdur PRO sorinT
a year ago
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 PRO bekirdur
a year ago
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 PRO sorinT
a year ago
err: the demand trendline, sorry:)
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kopparam
a year ago
eurusd,weekly, ascending bear flag
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sorinT PRO kopparam
a year ago
Looks nice, thanks a lot.
Reply
Pixel PRO
a year ago
Yes, a few days are required to be sure, since the break low from the dollar's was so quickly reversed (for now).

snapshot
+1 Reply
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