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EURUSD Retesting Weekly Chart Descending Wedge Resistance

By:

CFA, Founder Tradable Patterns

EURUSD Retesting Weekly Chart Descending Wedge Resistance

The EURUSD surged yesterday leading into and following the Fed rate decision and FOMC, and is now 80 pips higher from yesterday’s low going into today’s European morning.  Significantly, after dipping back below descending wedge resistance (on the weekly chart) last week, the EURUSD is reclaiming wedge resistance, paving the way for a test of the key 1.14 and 1.15 levels in the next few months or so…Click here to read the full analysis of this market as well as on GBPAUD, Silver

EURUSD Weekly/Daily/4hr

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