EURUSD Daily Update: Bullish wedge breakout
The EURUSD pair is slowing breaking above a bullish wedge, with the RSI forming a hidden bullish divergence.
Daily candles are about to form a bullish Morning Star reversal pattern.
The overall trend since May has been up, with a potential fresh higher high to come.
The USD strength is clearly losing momentum and markets are still assessing the possibility of a Fed rate cut.
Daily candles are about to form a bullish Morning Star reversal pattern.
The overall trend since May has been up, with a potential fresh higher high to come.
The USD strength is clearly losing momentum and markets are still assessing the possibility of a Fed rate cut.
Related publications
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.