$EURUSD to the short side looking for #wedge break post #FOMC
Despite many market players calling for long 
EURUSD positions and a recovery to 1.11/1.12, when we look at the hourly chart the recent trend remains downward with lower highs, but higher lows into this consolidation/wedge pattern. A continuation would be to be expected but should arrive soon and re-test the post #FOMC lows to confirm the the Medium Term downward trend. A move into the 1.11 area may signal some further gains so watch for the spikes.
Personally we will continue to sell rallies, what anyone else does is - as always - up to them! :)
Happy hunting!
EURUSD positions and a recovery to 1.11/1.12, when we look at the hourly chart the recent trend remains downward with lower highs, but higher lows into this consolidation/wedge pattern. A continuation would be to be expected but should arrive soon and re-test the post #FOMC lows to confirm the the Medium Term downward trend. A move into the 1.11 area may signal some further gains so watch for the spikes.Personally we will continue to sell rallies, what anyone else does is - as always - up to them! :)
Happy hunting!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.