Timonrosso

EUR/USD choose the break - I say down to 1.000

Kort
OANDA:EURUSD   Euro / USA-dollar
I'm really not good at analysis when markets are in a range and predicting the breaks unless the breakout patterns are strong and impending.

IN this case, it could be a Rising Wedge, which requires a breakout to the downside.

Or it could be a rising Wedge, where the breakout can turn up and go above the apex.

I'll route for a breakdown, purely based on the 21>7MA - down momentum and RSI<50.

Then potential target will be back to 1.0000.

Which way do you think it's going?

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Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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