Euro / DollaroLong
EURUSD: Attempting Secondary Breakout of a Falling Wedge
The EURUSD is attempting a secondary breakout of a Falling Wedge Pattern at the HOP level of a Bullish Gartley. It is also holding on to the 4-Hour 21-SMA with Bullish Divergence on the MACD. Taking all this into account, the EUR has a heightened probability of confirming a Break-Hook-and-Go from this Falling Wedge to confirm the bottom and begin a 61.8% - 78.6% retrace.
EURUSD has certainly been one of the more choppy USD pairs and the AUDUSD may prove to be a smoother Bullish trade, but I still would like to try also catch the EURUSD move despite it being the choppier pair.
EURUSD has certainly been one of the more choppy USD pairs and the AUDUSD may prove to be a smoother Bullish trade, but I still would like to try also catch the EURUSD move despite it being the choppier pair.
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