Waiting for an upside break of the wedge.
If someone favors to go long euro,this pair probably provides a very good opportunity.If price breaks above 61.8% fib retracement,It'll be very like to break above the trendline as well which will provide a buying opportunity.I'm usingthe daily chart here to show the longer term picture but I always execute from 4 HR chart.So probably today's US session will paint a clearer picture of which way price may be heading.
I'll also be very comfortable shorting if the wedge holds and price falls back below 133.30.Will update when I take a trade.
I'll also be very comfortable shorting if the wedge holds and price falls back below 133.30.Will update when I take a trade.
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