EURUSD Analysis 6/18/2019
Updated
EURUSD has been in this falling wedge for months on end and we finally had a breakout three weeks ago. It broke and hooked back down to old resistance to retest that zone and it needs to form new support against that trendline. On the 4hr chart a bullish cypher formed indicating a buy. On Wednesday 6/19/2019 we have FOMC news (Federal Reserve) to discuss monetary policy and it can either send USD flying or can kill it. Also divergence noted on RSI. Just food for thought....
Note
It broke out two weeks ago ******
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