EurUsd - Watching the 2nd bullish wedge
If we have one more pop in the EurUsd befor we start to go the daily cycle low then we are going to have it as a breakout from the wedge.
That should occur this week because we are running out from time cyclewise.
I don't think the breakout can take out the 2015 October high , ECB will fight against that tooth and nails.
These kind of bullish wedges are breaking to the upside in 90% of the cases.
We have 4 days for this maximum (24 bars on the 4hrs chart)
That should occur this week because we are running out from time cyclewise.
I don't think the breakout can take out the 2015 October high , ECB will fight against that tooth and nails.
These kind of bullish wedges are breaking to the upside in 90% of the cases.
We have 4 days for this maximum (24 bars on the 4hrs chart)