EURUSD – Watching the Wedge

20 Nov - EURUSD 4Hr

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Hi All,

Just a quick update on the EURUSD.

As we await for the new FOMC meeting minute release later today, I’m keeping a close watch of the wedge pattern on this pair. For those Fib users out there, (as I write this post) price is also testing the 50% fib retracement at the moment. While this is one of my favourite patterns, I always wait for a clean break below the wedge before I take any positions.

Thank you for reading do post any comments and queries below the post.

 

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