This pair is currently forming a failing wedge as well as a inverse head and shoulders pattern. Double the odds that this pair will eventually truck back up toward the 1.3600 level seen previously. With WTI Crude capped at the moment, this adds more fuel to the fire that we will see strength in the Dollar with this pair.
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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.