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cheminacci

EURUSD Major Turning Point Within Daily and Weekly Channel

Short
Euro / U.S. Dollar (FX_IDC:EURUSD)  
cheminacci  
FX_IDC:EURUSD   Euro / U.S. Dollar
short EURUSD frenchelection Parallel Channel Wedge cheminacci Daily Charts Bearish Patterns euro
5
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short eurusd frenchelection parallelchannel wedgepattern cheminacci daily bearish euro
Over the last 3 years EURUSD has been "dancing within a massive consolidation wedge that have become more of a channel on the Weekly chart. After some recent analysis I noticed that a major gap in the market has yet to be filled. This gap however is at a retest of previous major structure levels, as well as at the top boundary for an ascending channel on the daily time frame. I believe that the volatility from upcoming events will push EURUSD down to fill the gap, but may also continue further to retest the lower channel boundaries.

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