EURUSD is trading in a falling wedge pattern in a bigger trend, within the falling wedge , it is also trading in channel pattern. We might see more downside in EURUSD from the current level. As we can see, the falling wedge resistance line and parallel channel resistance line overlap each other, so there is strong resistance for upside in EURUSD . We might see downside towards the support line, as we can see in the chart.

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Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.