EURUSD professional analysis strategy

vor 12 Stunden

Observing the chart, we can see how the price was trading in a range, it immediately bounced off the top and started to fall to the resistance level, which coincided with the resistance zone. Later, the euro entered the zone, reached the bottom of the range and traded near it for a while, after which it started to rise to the top of the range. In addition, when the price was rising, it gapped, and after reaching the top of the range, the euro turned down. The price exited the range breaking through the 1.0805 resistance level and continued to fall inside the wedge. In this pattern, the price first rose to the resistance zone and tried to break through the 1.0805 level, but failed, and continued to fall to the current resistance level of 1.0600. Soon, the price also broke through this level and fell to the support line of the wedge, and rebounded shortly afterwards. Now, the price is trying to break out of the wedge, so, in my opinion, the euro may enter the seller area and then turn around and start falling. In this case, I set the target price at 1.0450 points.