A clear formation of falling wedge on EURUSD D1. Hope the pair touched 1.1100 in the coming days and then can breakout to meet 1.175-1.18(next resistance zone). Boosting this idea, Bullish Divergence is detected on RSI, MACD and Stochastic indicators very clearly. However, Economic factors play a key role in making this formation a success. Let me know your...
Exhausted RSI, MACD Cross and close to the annual high.... Can find support at 0.988. breakage of this level might pull the pair down to 0.98 and 0.975 levels respectively. Lemme know your comments on this!
This clearly supports my prediction of bigger head and shoulders pattern on H4 time frame. Please have a look at that too.
However, Fed/Trump comments and Brexit news may play a key role!
US CPI proves the key factor in driving this to 1.16 today!!!