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I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

EUR/USD: "Wedge" has worked fine

Sergey Logachev

EUR/USD: "Wedge" has worked fine

The market has been rising since the “Wedge’s” upper side was broken. The price faced a resistance at 1.1464, so there’s a chance to see a local downward correction. Anyway, bulls are still have enough power to deliver new highs, so the rally is likely going to be continued towards a resistance at 1.1494 – 1.1533.

EUR/USD: "Wedge" has worked fine

As we can see on the one-hour chart, the price was rising dramatically during last week. We’ve got a local “V-Top” pattern, which brought a local correction into the market. It’s likely that the pair is going to get a support at 1.1437 – 1.1431. If so, there’ll be an opportunity to see more bullish pressure.

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