CobraVanguard

EUR/USD : Bulls are about to take control!

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FX:EURUSD   歐元 / 美元
Hi every one
Euro / U.S. Dollar

EUR/USD Has formed a Pretty Big Falling Wedge . The price is stuck in a Bearish Trend For now But there are also signs of Bulls as well! the pattern It self is a bullish one and as you can see there is a Great Regular Bullish Divergence On Both MACD and RSI Indicators! these signs suggest a Good Bullish Movement which will happen soon! we just need to wait for Confirmations which is a Break out of course! If it happens a Resistance sits on 1.19 if the price manages to break this resistance, the next resistance sits at 1.195 . the biggest resistance is at 1.215 .

summery:
-EUR/USD is in a Falling wedge!
-(+RD) on Both MACD and RSI
-we need to wait for Break out
-Resistances at 1.19 -1.195 and 1.215

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