EURUSD, Daily
In the Daily timeframe, EURUSD formed a rising wedge pattern. Price fell to 61.8 Fibonacci and MA200, with MFI and DeMarker indicating a major oversold condition.
- EURUSD could be considered to buy on a bounce from support and a breakdown of the trendline with a target to 1.0950 and further to 1.1000;
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Author: Egor Schmidt