LMDTrader

LMDTrader

After reviewing my previous analysis and acknowledging the errors in my last entry, I've reassessed the weekly EURUSD chart. I've identified a descending rectangle pattern that has broken and retested to the downside. Currently, I'm waiting for it to reach my take profit (TP), as shown in the attached image. FX:EURUSD

LMDTrader

I believe EUR/USD might move higher in the coming days as I’ve spotted a well-formed rising wedge pattern. I anticipate a breakout soon, which could potentially lead to a significant upward price movement.