1. Hello Guest Click here to check FX Binary Point Financial Directory

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]

    Continue reading...

Share This Page