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Telson Telson EURUSD, 60, Long ,
EURUSD: EURUSD Falling Wedge Formation Break-out Performance
77 2 2
EURUSD, 60 Long
EURUSD Falling Wedge Formation Break-out Performance

Based on our previous long-term analysis (please see links below), our general feeling regarding the EURUSD pair is going short. But, as we mentioned on the original idea, we would expect the price to retrace and retest the previous structure support that was broken a few days back on the 1.05700's region. We believe that this falling wedge formation may ...

Telson Telson EURUSD, W, Short ,
EURUSD: EURUSD Box Break-out Performmance, Long-Term Price Speculation
116 2 3
EURUSD, W Short
EURUSD Box Break-out Performmance, Long-Term Price Speculation

Looking over the Weekly chart for the EURUSD pair we can identify an attempted break-out of the rectangular formation, expecting a continuation of the downtrend dating back to May 2014. The above is also supported from a shooting star on May 2016 (to my eyes at least), clearly indicating a short move, and we have been looking at the price tag going South since ...

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