ToniSignals

EUR/USD Signal - EUR Industrial Production - 15 Sep 2021

Long
FX:EURUSD   Euro / U.S. Dollar
EURUSD is in a widening wedge pattern prior to the EUR Industrial Production data this evening, which measures the the volume of production of Industries such as factories and manufacturing. Technically the pair bounced from support two days ago, and we've seen daily candles form higher highs, despite closing down. The bearish widening wedge pattern is typically a bullish indication, and we are looking for a move back into the 1.1850 resistance.

Trade closed: stop reached