Technical Analysis : EUR/USD 21 May 2020

Forex Technical Analysis : EURUSD

Target Level 1.0938

Date : 21 May 2020

Support Line (A) : 1.0938 – Last TP of Rising Wedge

Resistance Line (B) : 1.0999 – Last TP of Rising Wedge

Target Period : 19 hours

Interval : 1 hour

Pattern : Rising Wedge

Length : 60 Candles

Detail : Rising Wedge identified at 21-May-05:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.0938 within the next 19 hours.

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

Source : Autochartist

If you open a live account with a broker that support Autochartist, you’ll get :

– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.