Candles have compressed into a falling wedge
pattern over the past couple of months, and the RSI
has also compressed but into a flag pattern
. Technically (correct me if i'm wrong), this looks and feels extremely bullish
, and could blow at any minute. Fundamentally though ( again, correct me/educate me where i'm incorrect), i feel the euro
hasn't got enough support backing it to do well, and even enough to negative support to push it down in to the ground.
Comments and different ideas would be greatly appreciated !
Happy Trading :)