quantguy
Long

Nice Wedge Breakout on USDEUR

FX_IDC:USDEUR   US DOLLAR / EURO
I love the wedge breakout. This is a classic example. Nice rally before the wedge (not quite a flag pattern , but same idea), then some consolidation to the classic wedge pattern outlined, then boom! Breakout on the upside. Of course, China cutting interest rates definitely had an impact on this, the markets reacted all across the board.

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