EURUSD is at the edge of a new bearish trend.
We have mentioned in our previous analysis, after the breakout of the wedge pattern, the target of the pair was 1.15100.
Today is the last trading day of the week. This main support has been tested several times in the second quarter of the year. It’s a very strong support. If the pair closes the ween below 1.15100, 1.14600 and 1.13700 will be the next targets of the pair.
As we have published in our previous forecast, the target of the formation is 1.12000.
You can read our detailed forecast : EURUSD Forecast
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EURUSD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility