Eurusd April 2016
EURUSD has been forming a rising wedge on the
daily time frame since December 2015, And now we are reaching its ceiling and waiting for either two scenarios:
- First Scenario: Breakout of the wedge upward when it crosses 1.1450 strong resistance.
- Second Scenario: Falling down to the base of the rising trend forming the wedge at levels of 1.0600/50, Then we will begin to think of another two scenarios, either a strong breakout downward, or continuation of the upward trend till the neck of the wedge.
Recommendation
- Wait for a strong downward move breaking . . .
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