FBS - Analytics

    FBS

    555.00 6.00/10
    84% of positive reviews
    Real

    EUR/USD: bulls are inside the "Wedge"

    EUR/USD: bulls are inside the "Wedge"

    The market has been rising since the upper side of the last “Wedge” was broken. The price faced a resistance at 1.1533, which led to the current local correction. Anyway, it’s likely possible to see an upward movement afterwards, so we should keep an eye on the nearest resistance at 1.1599.

    EUR/USD: bulls are inside the "Wedge"

    There’s a “Wedge” in progress, which is a sign for an intraday correction. At the same time, the main trend remains a bullish one, so the market is likely going to reach a resistance at 1.1599 subsequently.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree