EURUSD – Up
Technical Observation:
EUR is currently trading with a neutral bias. Since 27th June this year, Eur has been rallying within a contracting wedge formation and is not showing any signs of breaking out of it. While the price is still within this wedge formation, I’m only interested in trading reversals. I went short along the upper trendline and is still holding. My expectations is that the price should stretch further to the lowerside but should not break beyond the supportive trendline. You can wait and rebuy euro upon a bounce from the support trendline.
Trade Signal.
Short towards the lower trendline
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