EURUSD is approaching a a strong demand zone, where its expected to reverse the price violently to the upside. a potential buy with a great R:R up to 1:10
Stop: 179
target: 187
Comment:
this by far (after my bitcoin analysis) was the most accurate one. price respected the trend lines of the wedge and then broken out of it (there is one analysis I have speculated that price is about to break the wedge to the upside for a nice potential buy opportunity)
currently, I expect price to drop down again for a continuation of the downtrend, as it has reached the target of the falling wedge.
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currently, I expect price to drop down again for a continuation of the downtrend, as it has reached the target of the falling wedge.