EURUSD (1.1710): The EURUSD was trading within Wednesday’s range as price action attempted to post intraday gains before pulling back lower. The EURUSD briefly tested 1.1730 level before easing back. The inside bar formation could trigger a near term breakout off Wednesday’s highs and lows. On the 4-hour chart, price action continues to remain in a consolidation mode that is now shaping out into a descending wedge pattern. An upside breakout could trigger a move toward 1.1846 – 1.1824 level of resistance.
How do you think the EUR will progress? If you feel confident enough, why not open an account and trade?
