EURUSD Breaking Weekly Chart Descending Wedge Resistance

As seen on Bloomberg, Refinitiv (Thomson Reuters), Factset, Interactive Brokers, Amazon,Liquid (Quoine) ,EXMO and Zerohedge, Tradable Patterns (https://tradablepatterns.com) provides daily technical analysis on a subset of three CME/ICE futures (commodities, equity indices), spot FX markets, which it considers worth monitoring for the day/week for trend reversal or continuation, along with a separate weekly technical and fundamental analysis newsletter on Bitcoin (BTCUSD), Ethereum (ETHUSD) and Ripple (XRPUSD or XRPJPY). For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

The EURUSD saw some healthy profittaking yesterday within what appears to be the consolidation phase of a bull flag (on the daily chart). Significantly, the EURUSD has broken above descending wedge resistance (on the weekly chart), paving the way for a test of the next key 1.14 and 1.15 levels in the next few months or so...Click hereto read the full analysis of this market as well as on GBPAUD, Soybean

EURUSD Weekly/Daily/4hr

EURUSD Technical Analysis

Today's Top 3 Trades, Crypto Weekly Outlook and all other Tradable Patterns content do not constitute an advisory and do not make recommendations, but can supplement your own analysis. Please do your own due diligence ahead of any trades.