Technical Analysis EURUSD

29 thg 12, 2020

Currently watching the EURUSD pair for a breakout of the rising wedge pattern. As shown, we are currently bouncing between the upper/lower limits of the wedge; also, just above at 1.25560 is a 3 year high. From my analysis, I expect to come close to the high, however, I believe there will be a retracement to the S/R level between 1.206-1.207. If the pair tests this level, we could see a drop to the 1.115-1.116 level we saw a few months back. This pair could also break this level and continue to fall to the lower support levels of 1.08. Keep an eye open for this trade and do your own due diligence! #PIPSincoming