Here’s an update on the daily forex price action of EUR/USD! In case you missed it, the pair already made a downside break from the bottom of the rising wedge. This indicates that further losses could be in the cards for this pair, with stochastic moving down from the overbought zone and reflecting strong selling pressure. Take note that the chart pattern is roughly 900 pips tall, which suggests that the resulting selloff could be of the same height.
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