Forex Trading Library

Trade of the Day – EURUSD – Moving lower within the wedge formation

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EURUSD – Intraday – We look to Sell at 1.1195 (stop at 1.1225)

Posted Mixed Daily results for the last 178 days. Net daily losses of 74 pips. Yesterday’s Marabuzo is located at 1.1190. Bespoke resistance is located at 1.1195. Price action has formed an expanding wedge formation. The trend of lower lows is located at 1.1120. Intraday signals are far from strong.
Our profit targets will be 1.1117 and 1.1055

Resistance: 1.1195 / 1.1233 / 1.1294
Support: 1.1116 / 1.1055 / 1.1000

 

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