CapMoore

Rising Wedge With Bearish Divergence

FX:EURUSD   Euro Fx/U.S. Dollar
59 0 1
Rising Wedge with Bearish Divergence.
A break of the lower trendline in a convincing fashion,
perhaps with increased volume , indicate a trend reversal,
or a bearish continuation. Still, the reaction low at 1,08
may be a bounce level to retest such a breakout.
A close above the wedge, and upward continuation will
erase the pattern.

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