The 4 hour char on EUR/USD shows a rising wedge pattern. Usually signaling a reversal in trend. If the wedge is broken to the downside we should see a stronger down movement – ending, in the mid term, around 1.1000 level. Break to the upside may be a start of uptrend. We will be looking for confirmation once 1.1520 is broken. As long as EUR/USD stays below we are more bearish on this pair.
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