Inflection point on rising wedge formation for EURUSD

ON the backdrop of an overall bearish trend, EURUSD experienced a lacklustre year in 2019 with a total range of only 600 pips throughout the year. The pair took a nosedive as it entered into 2020 and reached a three-year low at 1.0771. Prices then whipsawed approximately 700 to 800 pips from February to March approaching a further low of 1.0638 (low of 2020).

Since then, EURUSD has been in a reversal, gradually ascending in a bullish manner as it reaches towar…

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Sign UpVIEW ALL