EUR/USD: euro painted a wedge

EUR/USD: euro painted a wedge

Recommendation:

SELL 1.1870 SL 1.1925 TP 1.1755

SELL 1.1910 SL 1.1965 TP 1.1790

On the daily chart, EUR/USD keeps forming “Shark” pattern and “Head and Shoulders”. Further fate of the pair will depend on the test of the neckline. There’s an important resistance at 1.1860-1.1865.

EUR1.png 

On H1, EUR/USD is finishing “Widening wedge” pattern. A successful test of resistance at 1.1805 will trigger the “Dragon” pattern and increase the odds of growth towards 50%, 61.8% and 78,6% of the wave 4-5. The sellers will take it from there.

EUR2.png 

eur

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