Currency Analyst since 2010

SEB: how to detect EUR/USD top?

Analysts at SEB Bank point out that EUR/USD has so far been trading in what like a rising wedge. In their view, it’s still hard to pinpoint the exact high point, the break of the lower boundary of the wedge ($1.3315) will make euro return into the formation. The specialists would regard this as a strong sign that the single currency has formed a top and is turning lower.

Chart. H4 EUR/USD

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