EURUSD faces strong support and at the same time the preconditions for the formation of a wedge - a pattern that can reverse the local trend

Based on the price movement, volatility and moving averages, I can suggest that the price is in a strong consolidation phase and apparently the market is waiting for a kick in the form of fundamental factors, which will help the price to break out of this range.
I expect a rebound from the limit support level and a breakout of the descending wedge resistance. Short-term target is the liquidity area at 1.07662, medium-term target is the resistance at 1.09368.
Regards R.Linda!

Based on the price movement, volatility and moving averages, I can suggest that the price is in a strong consolidation phase and apparently the market is waiting for a kick in the form of fundamental factors, which will help the price to break out of this range.
I expect a rebound from the limit support level and a breakout of the descending wedge resistance. Short-term target is the liquidity area at 1.07662, medium-term target is the resistance at 1.09368.
Regards R.Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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