505
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: bulls are inside the "Wedge"

Sergey Logachev

EUR/USD: bulls are inside the "Wedge"

The market has been rising since the upper side of the last “Wedge” was broken. The price faced a resistance at 1.1533, which led to the current local correction. Anyway, it’s likely possible to see an upward movement afterwards, so we should keep an eye on the nearest resistance at 1.1599.

EUR/USD: bulls are inside the "Wedge"

There’s a “Wedge” in progress, which is a sign for an intraday correction. At the same time, the main trend remains a bullish one, so the market is likely going to reach a resistance at 1.1599 subsequently.

EUR
Scroll to top