EURUSD - Rising Wedge

FX:EURUSD   Euro / U.S. Dollar
818 13 3
EURUSD             seems to be giving us other interesting signals. A Rising Wedge took form during this week. I am still bullish for this trend, awaiting for a retest on 1.3350. A drop under 1.33 will confirm the pattern and my targets would then be 1.3250 and 1.3200.
It looks like the PA is going for a retest of 1.32375. If it holds, the pair looks on course to its first target of 1.342 followed by 1.347. A break above could see it go even higher. The retest will be key

Razvan justatrader
Interesting view, 1.3237 looks like a good demand area...after the release of the Unemployment Claims it pushed lower...but ended up with a spike...let's where it goes from here
key level at 1.34197...
EU goinng down. May be a retracement up to 1.32 before continuing North
My forecast is not for today but for the purposes of upward movement, do not rule out a return to the level of 1.3250, before continuing growth
Razvan EldarAhmetov
On medium term euro could get to 1.35, I agree :)
Conversely do you believe the Dollar could reach 79 in the near term.

Negative Correlation
Razvan QuantitativeExhaustion
It could, why not? and Fed did not yet tapered the QE ...there is a chance for everything :) in my opinion, I am rather a short term price action trader...
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