💡Chart analysis of the EUR/USD currency pair (4-hour timeframe). Broken Wedge Pattern: The pattern has been broken to the downside, indicating the beginning of a negative trend reversal. 4-Hour Bearish Correction: The price is currently moving within a small ascending (corrective) channel, a corrective signal within a downtrend.
Next Expectation: A break below the current ascending channel could lead to a continued decline. Current MACD Indicator: The indicator is showing small green bars, indicating weak upward momentum and an upward correction within the overall downtrend, as shown in the chart.
⛔Not investment advice. For educational purposes only.
Next Expectation: A break below the current ascending channel could lead to a continued decline. Current MACD Indicator: The indicator is showing small green bars, indicating weak upward momentum and an upward correction within the overall downtrend, as shown in the chart.
⛔Not investment advice. For educational purposes only.
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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.