TECHNICAL ANALYSIS ON EURUSD

14 de set. de 2021

break and retest of the falling wedge, falling wedge is for more bullish movements i.e a reversal pattern after a bearish momentum, you could see the bear strength after testing 1.18980 it lost intent to move below 1.18000 to our support at 1.16660, that doji there on the daily timeframe is another confirmation to move to the upside and close those sell orders at 1.18980 & 1.19700 to be precise, there could be a possibility of the market testing 1.16660 but we have to see a push to the upside to at least the resistance of 1.18980 for a possible double-top pattern to trade the market in a range of 1.18980-1.16660. Technically speaking 📊📈📉