JohnKicklighter

The EURUSD's Large Wedge is Clear on the Weekly

FX:EURUSD   Euro / U.S. Dollar
674 2 18
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%.
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out