EURUSD: Potential Bullish Reversal?
EURUSD is currently in a bearish trend within an expanding wedge pattern.
However, there are signs of a potential bullish reversal as the price recently tested a key daily wedge support and formed a falling channel pattern.
The price has now broken above a resistance line of the falling channel pattern, suggesting a likely continuation of the bullish trend.
The next resistance level to watch for is at 1.0726.
However, there are signs of a potential bullish reversal as the price recently tested a key daily wedge support and formed a falling channel pattern.
The price has now broken above a resistance line of the falling channel pattern, suggesting a likely continuation of the bullish trend.
The next resistance level to watch for is at 1.0726.
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