cheminacci
Short

EURUSD Major Turning Point Within Daily and Weekly Channel

FX_IDC:EURUSD   Euro / US-Dollar
Over the last 3 years EURUSD has been "dancing within a massive consolidation wedge that have become more of a channel on the Weekly chart. After some recent analysis I noticed that a major gap in the market has yet to be filled. This gap however is at a retest of previous major structure levels, as well as at the top boundary for an ascending channel on the daily time frame. I believe that the volatility from upcoming events will push EURUSD down to fill the gap, but may also continue further to retest the lower channel boundaries.
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