EURUSD at resistance; wedge to determine direction

Posted at April 30, 2012 | 0 Comment

EURUSD is at a resistance right now and prints a wedge formation. It begs to be seen when this formation will bear fruit.

 

 

Equidistant channel defines EURUSD downtrend
Equidistant channel defines EURUSD downtrend
 
 
Bears have to break support to confirm wedge formation
Bears have to break support to confirm wedge formation
 
 
 

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