• Vasily Trader

EURUSD: Important Breakout & What to Expect Next Week

EURUSD finally broke and closed below a support line of a rising wedge pattern on a daily.

The breakout is confirmed now and after two weeks of consolidation, we finally can confirm that the market is bearish .

Now I expect a decline to 1.207/1.20 levels.

Consider the underlined red zone as your selling area.