JohnKicklighter

The EURUSD's Large Wedge is Clear on the Weekly

FX:EURUSD   Euro Fx/U.S. Dollar
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The EURUSD's range development these past nine months has been pretty considerable, but its levels haven't held out as especially distinct (many temporary breaches). However, we get a good sense of the restraints on the market when looking at the weekly. A large, rising triangle with horizontal resistance around 1.15. This has room to move for now, but when will it give? What will motivate the break?
Next Monday onwards, it'll shoot up to 1.22+.
What's the fundamental driver? I wouldn't know 100%.
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