Cabana Capitals Blog Technical Analysis A potential bearish movement on EURUSD

A potential bearish movement on EURUSD

A potential bearish movement on EURUSD post thumbnail image

A Falling Wedge pattern was identified on EURUSD at 1.05331, creating an expectation that it may move to the support line at 1.0391. It may break through that line and continue the bearish trend or it may reverse from that line.

Supported by Downward sloping Moving Average

Target: 1.0391 Entry: 1.0533 Stop: 1.0593

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