$EURUSD- Rising Wedge?

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$EURUSD- Rising Wedge?

By Pro Act Traders — Author

Currently weare at 1.3402 in a rising wedge which is bearish for the pair. A couple of different scenarios. 1: a move to the lower chart trend line and bounce creating a head andshoulders top 2: A break down here to the 0.618 Fibo @1.3187. Theaverage daily true range (ATR) for the pair currently is 110 pips.

Posted to Introduction to Forex Targe… on Jun 19, 2013 — 9:06 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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