ChrisPulver

EURUSD - My Main Squeeze

Long
FX:EURUSD   Euro / U.S. Dollar
EURUSD (similar to GBPUSD) is setting up for a technical squeeze with this falling wedge. 2250-2200 may act as support to force a squeeze to 2500-2600 before making a lower high and heading down to 2000 or 1800 area. If the pair continues to fall, I'll wait for 2000 to identify support.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.