Technical Analyst & Trader @ Vikinsa
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Weekly Forex Forecast for April 20 – 24, 2020
The EURUSD is nearing the end of a massive terminal pattern. I discussed the multi-year wedge below on April 14th and again on April 16th. image It is, in my opinion, the most pivotal pattern in the euro’s history. The bottom of the wedge above starts from the euro’s all-time low just below the 0.8300 mark. Any pricing you see for EURUSD before 1999 is actually trade-weighted data from a basket of pre-euro currencies. As I mention in the video above, I’m anticipating a break lower. I could be wrong, but I’ve already started to size into a short position, which I announced in the Daily Price Action ... (full story)
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- Apr 19, 2020 6:44am Apr 19, 2020 6:44am
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