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US Dollar Strength Fades After Divergence Pattern Appears

Discussion in 'Technical Analysis' started by Kaitlin, Sep 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD bounced at the previous bottom (green) during yesterday's trading. The bullish bounce has probably completed a bearish ABC (green). The resistance (red) and support (green) trend lines indicate a potential descending wedge chart pattern, which is confirmed if price breaks below support. For the moment a wave X[​IMG]

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