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yogeswarareddy99

Falling wedge on EURUSD D1

Long
Euro / U.S. Dollar (FX:EURUSD)  
yogeswarareddy99  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
A clear formation of falling wedge on EURUSD D1. Hope the pair touched 1.1100 in the coming days and then can breakout to meet 1.175-1.18(next resistance zone).

Boosting this idea, Bullish Divergence is detected on RSI, MACD and Stochastic indicators very clearly.

However, Economic factors play a key role in making this formation a success.

Let me know your ideas please!
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