TradePeriod
Long

EURUSD Forming 4H Wedge

FX:EURUSD   Euro Fx/U.S. Dollar
56 0 0
Anyone else see the wedge formed after the most recent drop? I would guess we're likely to see one last movement toward 1.11 with tomorrow's ECB Meeeting and then a drop after during the US Conference.

Temporarily holding a LONG from 1.0935, keeping an eye on anything above 1.10.

Should price continue the bearish movement, we'd expect to see the support tested on May 27 of 1.08218 to hold.

Ideas?
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