EUR/USD nears narrowing end of rising wedge

THE most traded currency pairs in the world are "the Majors" and EURUSD leads the group as the currency pair represents two of the world's largest economies. In March 2020, the pair staged a reversal after a long descending trend since 2018. After the bottom level around 1.0675 was hit, a rising wedge pattern that extends till date was formed.

The pattern can be identified by its narrowing trading range across a period of time, where the patter…

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