Euro / U.S. DollarUpdated Descending Broadening Wedge in EURUSD
The Price formed a clear descending broadening wedge in daily candles. Descending broadening wedges are evaluated as bullish reversal formations, most of the time. So Keep an eye on the upper boundaries of the wedge. If the price can break above the line, the price may reach the indicated target.
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The price is on the werge of breaking the upper bundary of the wedge. Once it is broken, the price may go up to our target range at a faster pace.
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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.