Last week we spotted a rising wedge pattern on EURUSD. This is a bearish reversal pattern and we were expecting EURUSD to show weaknesses, seeing that US dollar index is rebounding. I anticipate that EURUSD will gravitate towards the imbalance and a daily bearish candle at 1.00703 of 09 November 2022.
We will be monitoring price on Monday, London open to see if we can catch a short position. I believe that it will first reprice last week's gap of 1.056 before going lower.
Please support this idea with likes and it will be highly appreciated.
US Dollar Index
We will be monitoring price on Monday, London open to see if we can catch a short position. I believe that it will first reprice last week's gap of 1.056 before going lower.
Please support this idea with likes and it will be highly appreciated.
US Dollar Index
