Could see Euro drop further

30 באוג׳ 2022

Looking to take short positions on the EURUSD once it breaks out of this rising wedge pattern, which is usually the indication of a bearish reversal, as we can see the EURUSD has been making lower lows and lower highs on a macro perspective. Once price rejects the 1.00894 level as resistance we could see price action fall all the way to 0.99149 and if the dollar continues to get stronger, potentially even lower.