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FX.co ★ Daily Video Analysis: EURUSD within descending wedge pattern! Drop incoming!

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Forex Analysis:::2021-07-21T06:50:31

Daily Video Analysis: EURUSD within descending wedge pattern! Drop incoming!

Today we take a look at EURUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.

EURUSD forming a descending wedge pattern. With technicals showing room for further bearish momentum, a drop below 1st resistance at 1.17862 towards 1st support at 1.17557 could be possible.

Analyst InstaForex
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