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7:30pm EST Falling wedge pattern observed. Upward break more likely. Short term trading opportunities plotted.
4
Price action + large wedge + s/r + trend. Currently in uptrend, on the lookout for sells.
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There is a symmetrical triangle within a falling wedge inside a larger weekly descending triangle. Based on this analysis EUR/USD will break it's current pattern of consolidation and fall to 1.1170 - 1.1190 level before the end of the year. (2018). Price is expected to shoot up to the upper trendline (1.1600) afterwards. If price breaks that level, expect up more...
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