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21.07.202108:50 Forex Analysis & Reviews: Daily Video Analysis: EURUSD within descending wedge pattern! Drop incoming!

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Today we take a look at EURUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.

EURUSD forming a descending wedge pattern. With technicals showing room for further bearish momentum, a drop below 1st resistance at 1.17862 towards 1st support at 1.17557 could be possible.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Odborný analytik spoločnosti InstaForex
© 2007-2021
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