The analysis indicates the formation of a “falling wedge” pattern on the daily chart of the EUR/USD pair. This type of pattern is usually considered a bullish reversal pattern, where the price is expected to break the upper trend line of the pattern and head higher.
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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.