Technical Analysis : EUR/USD 17 July 2020

Forex Technical Analysis : EURUSD

Target Level 1.1371

Date : 17 July 2020

Support Line (A) : 1.1371 – Last TP of Falling Wedge

Resistance Line (B) : 1.1394 – Last TP of Falling Wedge

Target Period : 6 hours

Interval : 15 Minutes

Pattern : Falling Wedge

Length : 77 Candles

Detail : Falling Wedge identified at 17-Jul-12:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.1371 within the next 6 hours. (Supported by Downward sloping Moving Average)

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Autochartist

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– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.