sorinT
Short

Price pattern breakdown

FX_IDC:EURUSD   Euro/U.S. 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
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
sorinT PRO kopparam
Looks nice, thanks a lot.
Reply
That will be the first target. Actual decrease should be the length of the base from the break point. My two cents :)
Reply
sorinT PRO bekirdur
Sure, you are right. But that only if the breakdown is a valid one. Thanks!
Reply
It looks valid from your from drawing view :) 1 more day close under that line would make certain in my opinion.
Reply
sorinT PRO 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
Reply
err: the demand trendline, sorry:)
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out