EURUSD Daily Update: Bullish wedge breakout
The EURUSD pair is slowing breaking above a bullish wedge, with the RSI forming a hidden bullish divergence.
Daily candles are about to form a bullish Morning Star reversal pattern.
The overall trend since May has been up, with a potential fresh higher high to come.
The USD strength is clearly losing momentum and markets are still assessing the possibility of a Fed rate cut.
Daily candles are about to form a bullish Morning Star reversal pattern.
The overall trend since May has been up, with a potential fresh higher high to come.
The USD strength is clearly losing momentum and markets are still assessing the possibility of a Fed rate cut.
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