EURUSD - Daily Analysis - One more bullish leg?

25 thg 7, 2021

As you can observe, the downtrend is showing weakness. We are approaching a significant support level in a falling wedge pattern, which is a reversal pattern. You can see the inverse pattern (rising wedge) on the DXY daily chart.

So I expect a bullish reversal from this area.

The safest entry would be after the first correction/confirmation on the lower time frame!

Thanks for your attention ;)