EURUSD Falling Wedge and the levels to trade.
The pair reached the bottom of its Falling Wedge as well as Support A at 1.05785. The price should technically rebound to the patterns top again and the 4hour MA50.
Our strategy is to catch that rebound and sell the next leg down to 1.05235 if it continues to give a -1.25/35% decline.
If it closes over the 4hour MA50, stop selling and switch to buying, Target = 1.07800 (under Resistance A).
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Our strategy is to catch that rebound and sell the next leg down to 1.05235 if it continues to give a -1.25/35% decline.
If it closes over the 4hour MA50, stop selling and switch to buying, Target = 1.07800 (under Resistance A).
Follow us, like the idea and leave a comment below!!
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