EUR/USD:
Yesterday’s terrorist data prompted the US dollar index to rise sharply, and non-US currencies plummeted collectively. It can be seen that the EUR/USD still has no way to break out of the falling wedge and turn into a rising trend, but turned down after touching the top of the wedge. The current trend is still in a downtrend.
On the H1 chart, the price managed to break through the lower support level, but the fact that it was severely oversold prevented the price from falling further and instead formed a pullback. At this stage, the price rise has once again challenged the resistance level that was broken above. If the price cannot break through, the price will continue to fall.
Order suggestion:
Wait for the price to pull back and enter the market to go short.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
