EUR/USD Price Analysis: Bears are moving in and eye a run on length EURUSD Technical Analysis
The rising wedge is a compelling feature on the longer-term charts. This is a bearish geometrical pattern and we can see the market has been driven back into shorts taken out in late March in a short squeeze. Perhaps we will see a long squeeze in the coming days? We have the first layer of structure in the 1.0960s and this would be breaking the micro trendline to tip the bias further to the downside.
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