EURUSD is currently trading above the falling wedge. It seems it has broken out of the resistance of that wedge. I am not expecting it to continue rising from there, I expect a good correction before it rises again thus making this breakout a fake one. The general idea here is EURUSD has been trending down for quite a while and for this downtrend to be cleared out, we first need to wait for more confirmation. I am not 100% sure on this one for one to follow my idea without proper confirmation, but the probability that it will fall is high.
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Trade Smart
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