Euro/Dollar - Descending Wedge Pattern For Euro Strength

2019년 10월 23일

The Euro/Dollar currency pair chart is beating out a two year descending wedge pattern.
It's Momentum Indicators, the 14 / 3 / 3 period slow stochastic, and the 21 period Relative Strength Index continue
to display an increase in bullish momentum by plotting higher lows versus the price which is plotting lower lows.
This is called compound divergence which is bullish and confirmation thereof will be confirmed with a sustained
upside break above 1.14 versus the Dollar. Technical Target 1.25.

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