#EURUSD fails to extend bearish momentum. Reversal soon?

- Priced failed to make a lower low for the second time. It seems bearish momentum cannot extend -> also reflected in EWO lows.
- Price has been forming a bullish wedge since Agust/2018. This barriers of the wedge are tightening.
- Volatility is extremely low.
- As Bund yields Will be somehow limited to the downside (it's already trading at -0,21 % today), but Treasury yields have room to fall, the yield spread between EUR and USD can shrink (collapse?) further.

- Key levels to watch for a bullish reversal are: 1,1190 / 1,1240 / 1,1280. Bullish confirmation would be a close above 1,1320, opening space to an initial rally up to 1,1600+.


Strategy: We bought some minor long position today at 1,1150. We will leverage up the position in case price confirms with breaking through the above key levels.
Chart PatternsTechnical IndicatorsTrend Analysis

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