The EURUSD keeps falling since the Double Top occurred in May and reached level 1.22466, low of year. In the last week, the Dollar weakened due to the greek political situation and the restrictions in China. If we join the highs and the lows, we will see a Falling Wedge formation taking place. This pattern is often a bullish pattern. However, only a convincing breakout supported by high volumes will confirm the pattern.
Friday, December 12, 2014
EURUSD Falling Wedge taking place - Technical Analysis
Pubblicato da Unknown a 8:03 PM
Etichette: currencies, dollar, euro, EURUSD, FALLING WEDGE, forex, pattern, Technical Analysis, trader, trading
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